4-Bed Villa Penaguila €428k - Exclusive Costa Blanca
Nearby Amenities
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About This Property
Discover an exceptional opportunity to acquire a prestigious 4-bedroom villa in the distinguished enclave of El Olivar, Penaguila. This €428,000 property represents extraordinary value for discerning buyers seeking sophisticated Mediterranean living—priced at €2,761 per square meter, a remarkable 40% below comparable properties in Spanish island markets. The villa showcases premium specifications and meticulous construction across its 155 square meters of living space, set upon an expansive 801 square meter plot that affords privacy and potential for enhancement. Penaguila has emerged as an exclusive destination for international buyers who appreciate understated elegance, exceptional accessibility to coastal amenities, and the authentic charm of inland Costa Blanca. This property epitomizes the region's commitment to quality construction and sustainable luxury, attracting a clientele of refined tastes who recognize genuine value when presented with careful consideration of market dynamics and regional positioning.
About Penaguila
Penaguila is a picturesque municipality nestled in the mountainous terrain of Alicante's interior, approximately 30 kilometers from the Mediterranean coast. The town maintains its authentic Spanish character while embracing modern infrastructure and international amenities. The microclimate benefits from its elevated position, offering mild winters and warm summers moderated by alpine breezes. The landscape features dramatic mountain vistas, olive groves, and Mediterranean vegetation that create a serene backdrop for residential life. El Olivar represents one of Penaguila's most sought-after residential areas, characterized by thoughtfully spaced villas and a commitment to preserving the natural environment. The municipality has experienced measured growth with a market appreciation of approximately 8% year-on-year, reflecting increased recognition among European buyers. Local infrastructure includes quality schools, healthcare facilities, and essential services while maintaining the tranquility that defines inland Costa Blanca.
Life in Penaguila
Life in Penaguila epitomizes refined Mediterranean living with convenient access to cosmopolitan amenities. The established international community speaks English fluently, facilitating seamless integration for expatriate residents. Daily existence balances peaceful countryside surroundings with proximity to vibrant coastal towns—Blue Flag beaches lie within twenty minutes' driving distance. Residents enjoy authentic local restaurants serving regional cuisine, weekend farmers' markets offering fresh produce, and contemporary supermarket chains including Mercadona and Lidl. The area attracts families, retirees, and professionals seeking cultural sophistication without urban intensity. Golf enthusiasts access championship courses within driving distance, while the stable expat community provides social opportunities and professional networks. Healthcare comprises both regional hospital facilities and English-speaking private clinics. The pace encourages wellness-focused living—hiking, local wine exploration, and cultural activities complement modern conveniences. Transportation remains flexible through personal vehicles, with public bus connections available for essential travel.
Investment Potential
The Costa Blanca property market demonstrates robust fundamentals with Penaguila experiencing year-on-year appreciation of approximately 8%, outpacing broader Spanish residential trends. This villa's €428,000 price point—€2,761 per square meter—positions it attractively within a market averaging €2,200 per square meter locally, while remaining 40% below equivalent Mediterranean island markets. Rental potential reaches approximately €800 weekly for 7-night seasonal lets, generating annual returns of €41,600 under conservative occupancy assumptions. The established expatriate community supports consistent demand for quality rentals among European visitors and long-term relocators. The property's premium specifications reduce capital expenditure requirements, enhancing cash flow for investors. Penaguila's infrastructure development and international school expansion signal sustained demand trajectory. Currency considerations favor British and Northern European purchasers, while Spanish mortgage availability extends to qualified foreign buyers, reducing capital deployment requirements. The inland position minimizes seasonal tourism fluctuations compared to beachfront properties, creating stable rental patterns.
Estimated Rental Income
Based on 55% occupancy rate
Costa Blanca Price Growth (€/m²)
Rental Yield by Area (%)
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Oskar Peterson
Property Specialist
I help international buyers find their perfect home in Costa Blanca. I speak English, Swedish, and Spanish.
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