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It is an apartment located in one of the most emblematic and beautiful squares of El Carmen: the Plaza Cisneros (click if you don't know it), in one of the best-known areas of El Carmen: La Seu. The square is halfway between the Torres de Serrano and the Plaza de la Virgen, two monuments that are a must-see if you come to Valencia. It is a pedestrian square that is home to the Palacio de Cerveró and the old house Palacio del Señor de Náquera. The square is 200 meters from the Turia riverbed.

The main features of the apartment are:

1. It is a first-floor apartment, in a building with an elevator (which could make a future sale easier); even so, regulations may change and affect operation.

2. The apartment is exterior-facing, very bright, with a balcony and a terrace that look onto Plaza Cisneros itself. From the balcony you can see the Torres de Serrano. In addition, the apartment has an interior patio, which we will decorate appropriately, since foreigners value it highly.

3. It is a very well laid-out apartment, in which hardly anything needs to be changed. It has 3 double bedrooms, and a maximum capacity of 8 people.

4. Regarding the works, hardly anything is going to be done; we estimate that the apartment will be in operation one month after receiving the keys.

5. The acquisition price is €188,000, and it has a current valuation of €232,152, that is, it is acquired below its market valuation (19% according to an external valuation). All this means that even after paying all the registration costs (notary, TPO, etc...), we are still below the market price.

6. The average rent in the area for an apartment with these characteristics (3 bedrooms) is €9.00/m² (Idealista data), so a traditional rental would already yield €819/month. With a vacation rental, higher income is estimated, without being guaranteed.

7. Although "Ciutat Vella" is a saturated neighborhood, according to our data, this type of property has shown an upward trend in monthly income, which may not continue.

You can consult the property's fact sheet, with its complete information and its risks. Click here for more information.

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.