3 bedrooms apartment in Santander, Cantabria, Spain

The property in question is a 3-bedroom apartment located in the city of Santander, Cantabria, Spain. As a buyer, I would consider this property to be a good investment opportunity. Here’s why: * Location: Santander is a popular tourist destination, and its ever-growing expat community boasts a surprisingly low vacancy rate, ensuring a consistent demand for rentals. Its mild climate, beautiful beaches, and stunning Cantabrian countryside make it an attractive destination for summer homes, long-term rentals, or even permanent living. * Size: The 103m2 square meter condominium area is quite spacious for a Spanish apartment, and considering the average property sizes in the area, it offers a generous indoor space for residents. The usable area of approximately 95m2 gives a balanced feel of coziness and openness. * Condition: Already a modern property with an elevator, heated garage, and visitor parking; these features are a rare find in most traditional Spanish towns. The 95m2 living space feels luxurious and well-ventilated, especially the spacious living room. * Amenities & Negotions: It appears that the property management includes payment of community fees, which should cover any costs related to the use of shared facilities such as gyms, pools (if available), grounds maintenance, and 24/7 security. * Layout: Three well-separated bedrooms provide ample privacy, while two bathrooms serve the entire apartment. This floor plan allows for a peaceful atmosphere yet maintains comfort and easy day-to-day functionality. * Future Development: Considering its growing expat community and ongoing developments along the Cantabrian coastline, property values are likely to increase over time, making this purchase a valuable long-term investment through both rental income generation and potential capital appreciation. For a lifestyle perspective: * The tastefully decorated and modern interior boasts large windows, flooding the living areas with natural light. The large south-facing balcony provides stunning views of the city skyline and the END eistedda river. * Inside are three comfortable bedrooms, two of which have double beds while the third is ideal for guests. There's ample storage space in each of the bedrooms as well as an additional storage space designed specifically for guests’ use. * The two bathrooms are contemporarily decorated with showers in one and a bathtub in the other, both equipped with modern fixtures for comfort. * The modern fully equipped kitchen is made up of Italian marble countertops, fully fitted with appliances including a dishwasher, microwave oven, and fully-functional hobs. The living room transitions seamlessly into the dining area, perfect for meals with friends and family. * Residents can enjoy doing their laundry using the hassle-free in-situ washer-dry. * Ample closets in combination with oversized storage spaces in each bedroom ensure that clutter will always be kept at bay. * The heated garage offers the convenience of safe storage space for your vehicles during harsh winter conditions or visitors’ cars. * In-built climate control throughout means that you can keep your living space at the ideal temperature all year round. The complex also comes equipped with CCTV cameras for added security. * Situated closer to the historic center of Santander, residents can easily access local attractions, shops, taverns, restaurants, and cultural events. Price per square meter: 9.68€/mt Rental Yield: The asking price of 950€/month is equivalent to approximately 8.85% rental yield, which is competitive for the area considering the property's condition, location, and lack of available rentals in the vicinity. This indicates the feasibility and potential for good returns on investment. Overall, this property offers a splendid balance between comfort, luxury, and practicality. With its prime location, excellent condition, and modern amenities, it is an appealing choice for both real estate investment and lifestyle purchases. The array of features and its cost of 8.85% rental yield make it an attractive option for investors or individuals seeking long-term rentals or permanent residences in Santander. 5.0 out of 5 A highly recommended choice for those looking to invest in a unique Spanish coastal real estate opportunity!