3-Bed Apartment Los Alcazares €319,900 | Investment Property
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Approximate distances. Contact us for exact property location.
About This Property
This 3-bedroom, 2-bathroom apartment in Serena Golf represents a compelling investment opportunity in one of Costa Blanca's most sought-after residential communities. Priced at €319,900 (€3,167/m²), this property sits significantly above the Los Alcazares average of €2,200/m², reflecting its premium specification and construction quality—yet remains 40% cheaper than comparable properties on Spanish island markets. The Costa Blanca property market continues its upward trajectory with +8% year-on-year appreciation, while typical holiday lettings in this location command €800 per week, translating to strong rental income potential. For investors seeking capital appreciation coupled with reliable holiday let returns, this apartment in an established golf community offers both immediate income generation and long-term value growth. The 101m² layout maximizes efficiency, appealing to both owner-occupiers and investment portfolios seeking diversification in Spain's most accessible coastal market.
About Los Alcazares
Los Alcazares stands as one of Murcia's premier residential destinations, strategically positioned along the Mar Menor coastline with its distinctive saltwater lagoon ecosystem. The town combines traditional Spanish charm with modern infrastructure, situated approximately 40 minutes from Alicante Airport—ideal for international investors and holidaymakers. The Mediterranean climate delivers 300+ days of sunshine annually, with mild winters and warm summers moderated by sea breezes. Los Alcazares has evolved from a fishing village into a cosmopolitan community while retaining authentic character, attracting an international demographic alongside Spanish families. The area's unique geography—surrounded by both the Mar Menor and Mediterranean access points—creates exceptional beach and water-sports opportunities. Development has been carefully managed, preserving the town's authentic feel while introducing quality residential communities like Serena Golf that cater to discerning buyers.
Life in Los Alcazares
Daily life in Los Alcazares blends Mediterranean relaxation with practical convenience, particularly appealing to British and Northern European investors. The established expat community ensures English is widely spoken throughout shops, restaurants, and services, eliminating integration barriers. Multiple Blue Flag beaches lie within 20 minutes, offering summer recreation and reliable tourism attraction for holiday lets. The town's restaurant scene ranges from authentic paella houses in the old quarter to contemporary Mediterranean dining. Weekly markets provide fresh produce and traditional goods at local prices, while supermarket chains (Mercadona, Lidl, Consum) offer familiar shopping standards. The golf community creates a natural social structure—several championship courses within 15 minutes facilitate networking and lifestyle activities. Healthcare standards exceed Spanish averages with both public regional hospital access (30 minutes) and private English-speaking clinics available locally. The slower pace compared to major city centers creates the lifestyle appeal that drives consistent holiday rental demand.
Investment Potential
The Costa Blanca property market demonstrates consistent +8% year-on-year appreciation, with Los Alcazares experiencing above-average growth as international investor awareness increases. This apartment's €319,900 valuation at €3,167/m² represents a 44% premium to local average (€2,200/m²), justified by premium specification and golf community location—yet remains significantly undervalued versus island alternatives. Holiday rental data indicates typical weekly lets of €800 for 3-bedroom properties in established communities, generating approximately €38,400 annual gross rental income at 60% occupancy (conservative for this location's appeal). With mortgage rates available from 3-4% for foreign investors, rental yields effectively offset financing costs while property appreciation builds equity. The combination of steady capital growth, immediate rental income potential, and the established expat community creating consistent demand makes this an efficient portfolio addition for investors seeking Spanish market exposure without intensive management requirements.
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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