2 Bed Apartment Los Alcazares €279,900 | Investment Opportunity
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Approximate distances. Contact us for exact property location.
About This Property
This 2-bedroom, 2-bathroom apartment at Serena Golf represents a compelling investment opportunity in Los Alcazares, Murcia. Priced at €279,900, you're acquiring a property at €3,293/m² in a location experiencing consistent 8% year-on-year appreciation. The Costa Blanca property market has shifted significantly—savvy investors are increasingly recognizing that premium-specification apartments in established communities like Los Alcazares offer superior value and rental potential compared to over-priced island alternatives. With typical weekly rental rates around €800 for comparable properties, this 85m² apartment positions itself within a high-demand holiday let market. Los Alcazares attracts a steady stream of European holidaymakers seeking authentic Spanish experiences without premium resort pricing. The established expat community and international infrastructure make management straightforward for non-resident investors. This property sits 40% below Spanish island market rates while maintaining equivalent modern specifications and amenities. Capital appreciation projections suggest 6-8% annually based on regional trends, making this both an immediate rental income generator and a medium-term wealth-building asset.
About Los Alcazares
Los Alcazares is a coastal municipality in the Mar Menor region of Murcia, positioned along one of Spain's most unique natural features—an enclosed saltwater lagoon with Mediterranean character. The town has evolved from a fishing village into a thriving residential community with approximately 15,000 residents. Its strategic location offers proximity to both the tranquil Mar Menor beaches and the broader Costa Blanca coastline. The climate delivers 300+ days of sunshine annually, with average temperatures of 18°C in winter and 28°C in summer. Unlike overcrowded tourist destinations, Los Alcazares maintains a balanced character—tourist-friendly without sacrificing authentic Spanish community life. The town benefits from genuine municipal investment in infrastructure, public spaces, and services. Proximity to major amenities in nearby San Javier and Cartagena provides urban conveniences while maintaining coastal town atmosphere.
Life in Los Alcazares
Daily life in Los Alcazares centers around accessible Mediterranean living. The established expat community—primarily British, Northern European, and Scandinavian residents—has created a welcoming environment where English is widely spoken and international services are readily available. Healthcare access through both public regional hospitals and private English-speaking clinics provides peace of mind. Shopping needs are covered by major supermarket chains including Mercadona and Lidl, supplemented by traditional weekly markets offering fresh produce and local specialties. The town's proximity to multiple Blue Flag beaches—just 20 minutes by car—means coastal recreation is seamlessly integrated into daily routines. Championship golf courses nearby cater to the substantial international golfing community. Restaurant culture reflects both Spanish traditions and international preferences, with numerous establishments serving diverse cuisines. The established expat infrastructure means essential services, property management, and financial support are readily accessible without language barriers.
Investment Potential
Los Alcazares property market demonstrates solid fundamentals for investment returns. Year-on-year appreciation of 8% significantly outpaces Spanish inflation, with projections suggesting sustained growth as the market matures. This property's €3,293/m² pricing sits meaningfully above the local average of €2,200/m², reflecting premium construction specifications and community amenities. The differential positions the apartment for stronger capital appreciation as comparable properties increase. Rental yield analysis shows weekly rates of €800 achievable during peak seasons (June-September) with shoulder-season rates of €500-600 during spring and autumn. Annual gross rental income of €24,000-28,000 (on conservative estimates) delivers approximately 8.6-10% gross yield. The holiday let market shows consistent demand from European tourists, reducing vacancy risk compared to long-term rental markets. Property management services are competitively priced at 10-15% of rental income, making non-resident ownership operationally viable.
Estimated Rental Income
Based on 65% 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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