3 Bed Apartment €339,900 Los Alcazares - Investment
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About This Property
This 3-bedroom, 2-bathroom apartment in La Serena Golf represents a compelling investment opportunity in one of Costa Blanca's most sought-after residential communities. Priced at €339,900 (€4,196/m²), this property offers exceptional value compared to Spanish island markets while positioned in an area experiencing consistent 8% year-on-year appreciation. With typical weekly holiday lets commanding €800 and substantial short-term rental demand, this apartment delivers strong capital appreciation potential alongside reliable rental income streams. Los Alcazares combines established expat infrastructure with proximity to world-class amenities, making it an increasingly popular choice for UK investors seeking Mediterranean exposure. The 81m² built area provides efficient, rental-friendly accommodation that appeals to both families and holiday market renters. At a premium specification level yet 40% below island pricing, this property captures the sweet spot between quality and value—ideal for investors maximizing return on investment through combination of appreciation and active rental management.
About Los Alcazares
Los Alcazares is a well-established coastal town in the Mar Menor region of Murcia, approximately 50km south of Alicante. This strategic location positions it between the quieter charm of inland Murcia and the bustling tourism infrastructure of the Costa Blanca. The area benefits from a Mediterranean climate with over 300 days of sunshine annually, warm summers, and mild winters. The town has evolved into a mature residential community with strong infrastructure, combining quiet neighborhood living with convenient access to beach resorts, golf courses, and urban amenities. La Serena Golf community specifically anchors the area as a family-friendly, secure residential enclave with manicured landscaping and organized community facilities. The region's geography—nestled between mountains and sea—creates natural protection from weather while maintaining excellent transportation links to both Alicante and Murcia cities.
Life in Los Alcazares
Daily life in Los Alcazares centers around Mediterranean rhythm with excellent practical infrastructure. The established expat community—predominantly British, Northern European, and Scandinavian—has created English-speaking infrastructure throughout the town, from healthcare to shopping. Residents enjoy weekly farmers markets alongside modern supermarkets (Mercadona, Lidl, Consum), international restaurants reflecting the multicultural population, and organized social activities. The Blue Flag beaches within 20 minutes offer water sports, beach clubs, and family activities year-round. Golf enthusiasts benefit from multiple championship courses nearby, including La Serena Golf itself. Healthcare access includes a regional hospital 30 minutes away and several English-speaking private clinics. The car-dependent lifestyle suits investors managing rental properties, as self-drive accessibility to beaches, restaurants, and amenities is essential. The established expat infrastructure means professional property management, rental agencies, and support services are readily available—critical for non-resident investors.
Investment Potential
This apartment capitalizes on Los Alcazares' 8% year-on-year appreciation trend while offering immediate rental revenue potential. Market data indicates typical 7-night holiday lets generate €800, translating to €41,600 annually with 52-week occupancy (conservative estimates suggest 35-45 weeks realistic). At €339,900 purchase price, this yields potential 12-15% gross annual returns from holiday lettings alone, before accounting for capital appreciation. Los Alcazares average property pricing sits at €2,200/m², yet this premium specification property at €4,196/m² remains 40% cheaper than comparable Spanish island markets (Mallorca, Ibiza, Gran Canaria). The combination of affordable entry price, strong appreciation trajectory, and proven rental demand creates a multi-return investment model. Regional factors supporting continued appreciation include aging UK population driving retirement immigration, golf tourism growth, and improved airport infrastructure.
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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