Area Metropolitana, Tenerife, Spain
Investment Opportunity: Three-Bedroom Apartment to Develop in Santa Cruz
€180,000
€1,895/m²
- 3
- Bedrooms
- 3
- Bathrooms
- 95 m²
- Interior
- Apartment
- Type
- 5 days ago
- Listed
The Habio take
This three-bedroom apartment in Santa Cruz de Tenerife offers an exciting development opportunity, with potential for four independent apartments. Situated in Chamberí, it provides easy access to urban amenities and is just 1500 metres from the sea.
- investment
- renovation
- walkable
- city
- beach
Highlights
- Potential to create four independent apartments
- Current renovation work at 50% completion
- Strategic location close to urban amenities
- Just 1500 metres from the sea
- Ideal for tourist or residential rentals
Worth knowing
- Property requires renovation work
Good fit for: Best suited for investors or developers seeking rental opportunities.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 60
- Family
- 55
- Retirement
- 50
- Airport access
- 70
- Investment
- 75
- Luxury
- 40
- Value
- 75
About this place
We present an interesting property located in the Chamberí area of Santa Cruz de Tenerife. The apartment has a constructed area of 95 square metres and is competitively priced at €180,000.
Currently, this home has been divided into three one-bedroom apartments distributed between the basement and ground floor, with the potential to create an attic with a terrace on the first floor. Notably, the property is in a 'renovation required' state, with 50% of the work already completed, representing an excellent opportunity for investors looking to develop custom projects in line with current property market trends.
This project includes the unique and innovative possibility of creating four independent apartments, each ideal for tourist or residential rentals. The location provides strategic access to essential services such as public transport, supermarkets, and local shops, enhancing the future profitability of the investment. Don't miss this opportunity to schedule your visit.
Getting around
- Excellent water quality
Nearest beach · Playa Valleseco
~11 min drive · 6.6 km
Tenerife Norte-Ciudad de La Laguna (TFN)
~10 min drive · 11 km
Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.
Where you’ll be
Area Metropolitana, Tenerife, Spain
- Nearest airport
- Tenerife (TFN)
- 7 km
- Also close
- Tenerife (TFS)
- 54 km
- Nearest city
- Las Palmas
- 91 km
Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
Spain ended its Golden Visa property route in April 2025.
Non-resident mortgages are widely available, typically 60–70% LTV.
Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.
Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
