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Four-Bedroom Apartment with Terrace in Santa Cruz

€159,000€1,559/m²

Santa Cruz de Tenerife, SANTA CRUZ DE TENERIFE, Spain

  • 4

    bedrooms

  • 1

    bathroom

  • 102 m²

    interior

  • Apartment

    property type

  • 2 weeks ago

    listed

The Habio take

AI summary

This four-bedroom apartment boasts a private terrace and an impressive rental yield. Located in the well-connected Somosierra neighbourhood of Santa Cruz de Tenerife, it's an ideal investment opportunity.

  • investment
  • city
  • walkable

Highlights

  • Four bedrooms plus private terrace
  • Current rental income of €1,390 monthly
  • Over 10% annual rental yield
  • Potential to create a fifth bedroom
  • Well-connected location
  • Stable tenant contracts

Worth knowing

  • No lift mentioned
  • Currently occupied by tenants

Good fit for: This property is best suited for investors looking for immediate rental income.

Lifestyle scores

Beach
40
Walkable
75
Remote work
70
Family
60
Retirement
50
Airport access
70
Investment
85
Luxury
55
Value
80

About this place

This is a four-bedroom apartment located in the Somosierra area, perfect for investors seeking immediate returns and growth potential. The property features one full bathroom, a laundry area, and a private terrace measuring 20 m². It is well-distributed, bright, and in good condition.

Currently, the apartment is rented out by the room, generating a demonstrable monthly income of €1,390, which translates to an annual return of over 10%. It is being sold with tenants under existing contracts, all of whom are punctual with their payments, providing a stable income from day one. There is the potential to enclose part of the terrace to create a fifth bedroom, further increasing investment returns with minimal renovation.

Located in a well-connected area, this property is in high demand from both workers and students, thanks to its proximity to services, public transport, and access to the centre of Santa Cruz. The building belongs to a quiet, established community that has recently benefited from improvements to the sanitation system carried out by the City Council.

What this place offers

  • terrace
  • storage

Where you’ll be

Santa Cruz de Tenerife, SANTA CRUZ DE TENERIFE, Spain

Location is approximate — exact address is confirmed by the agent.

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Buying property in Spain

Full guide →

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

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