2-bedroom apartment in Torrevieja

Two hundred and forty metres from the sand of Playa de los Locos, this second-floor apartment on Calle Noruega offers 74 m², two bedrooms, a bathroom and a south-facing terrace that catches the sun from morning to late afternoon, with a glimpse of the sea between the rooftops. Priced at €129,000 and sold as seen, it is one of the few remaining original-condition apartments this close to the beach in Torrevieja.

The property The front door opens into a bright living room with sliding doors onto the terrace. A separate kitchen with a dining corner leads to a utility room with a washing machine and water heater. There are two double bedrooms, one of which also faces south, and a bathroom with a walk-in shower. Three air-conditioning units, installed in recent years, cover the living room and both bedrooms. The flat is on the second floor of a 1988 building without a lift, and it is sold as shown in the photographs: in sound original condition, ready for a buyer who wants to put their own kitchen and bathroom in.

The area: Playa de los Locos Playa de los Locos is the north beach of Torrevieja: a wide, sheltered bay with a promenade, a dive school and a line of chiringuitos, five minutes on foot from the Habaneras shopping centre and fifteen from the harbour and the centre. The streets behind the beach, named after the Nordic countries, are a settled residential pocket with bakeries, supermarkets and bars within a hundred metres. The town hall plans to close the beachfront road at Los Locos to traffic and turn it into a pedestrian promenade, which would make this corner one of the busiest leisure streets in Torrevieja. Alicante airport is 40 minutes by car.

Investment view At €129,000 for 74 m², the apartment is priced at about €1,740 per square metre. Renovated apartments of the same 1988 generation on these streets sell for €170,000 to €200,000, and a full kitchen, bathroom, windows and doors refurbishment costs roughly €20,000 to €35,000. A buyer who renovates therefore steps into a beach apartment at well below the price of a finished one. Torrevieja beach apartments achieve gross holiday-rental yields of around 6 to 8 percent, and a two-bedroom flat within walking distance of Los Locos lets for most of the year. Community fees and IBI are low for a building of this age.

Key features - 2 bedrooms, 1 bathroom, 74 m² built (Catastro) - South-facing terrace with small sea views - 240 m to Playa de los Locos - 3 air-conditioning units, fairly new - Separate kitchen, utility room with washing machine - Second floor, building from 1988, no lift - Original condition, sold as seen - 5 minutes' walk to Habaneras shopping centre, 15 to the centre and harbour - Planned pedestrianisation of the Los Locos seafront