Algorfa, Avenida de la Constitución 23

Description

Discover Your Dream Home: New Construction Project of 41 Stylish Apartments in Algorfa (south of Alicante)

Discover the perfect balance between modern comfort and homeliness in Algorfa, located south of Alicante. This new project offers 41 carefully designed apartments, tailored to various lifestyles. Whether you choose a one, two, or three-bedroom apartment, you will find a modern, open-plan kitchen and an inviting living room. 

Algorfa is a traditional village that combines the charm of a typical Spanish village with all the tourist facilities in the area. This unique mix, along with very competitive prices, makes it an attractive choice for both permanent residents and holidaymakers. Additionally, there are excellent medical facilities nearby, including 3 hospitals, providing extra peace of mind for all residents. 

The project includes various amenities such as underground parking, a (rooftop) solarium to enjoy the sun, and a communal rooftop pool. 

The expected annual rent will be €21.600 if rented for 36 weeks (average of € 600 per week). This location is ideal to rent for short term in high season and long term in low season. And the remaining weeks the property can be used by yourself, friends, and family. 

This is an interesting investment opportunity for the following reasons: 

• New development with energy label A 
• Yearly capital increase expected for new developed property at least 6% per year. South Alicante does have a huge potential for capital increase. 
• Walking distance from the town center with bars, restaurants and necessary facilities which are open throughout the year. 
• Vibrant town with an ideal mix of foreigners and Spanish people Below some financials if rented for 36 weeks in a year: Asking price: € 148.800 (two-bedroom apartment) Gross initial yield: 13% Net yield: 7.6% Purchase costs: VAT: 10% Other (lawyer, notary, register): 3% Yearly costs VVE-contribution = € 960,- per year IBI-tax = € 300,- per year Income tax = 19% per year on the net rent Management = 10% of the rental income 

• Fifteen minutes drive from Torrevieja. 
• 45 minutes drive to Alicante. 
• Within walking distance of the golf course. 
• Within walking distance of the town center. 
• 15 minutes drive to Guardamar del Segura beach. 
• 20 minutes drive to La Zenia Boulevard. 
• 25 minutes drive to Alicante Airport.
• 20 minutes drive from Pedrera reservoir with various walking and cycling routes. 

This beautiful location south of Alicante offers an ideal mix of contemporary style and comfort, enriched with traditional Spanish culture, affordable living costs, and nearby medical facilities, including 3 hospitals. Whether you're looking for a permanent home or a holiday home, this project offers an excellent opportunity to be part of a vibrant community in an attractive setting. Contact us today for more information and start your new life in Algorfa! 

Property information