Estimated Return for the Final Buyer
With its low acquisition cost and projected rental income, the final buyer could achieve estimated returns exceeding 18%, which are not guaranteed.
Renovation works
Gran Via Torreblanco 2
Castellón de la Plana
Funded
86.414 € (100%)
Total
86.414 €
175 investors
Renovation works
Total operation amount
86.414,12 €
Mortgage
0,00 €
Total to fund
86.414,12 €
Internal Rate of Return (IRR)
10,55 %
Gross rental yield
10,41 %
Net rental yield
4,37 %
Cash on Cash
5,82 %
Financial return (ROE)
4,37 %
Investing in this product involves the risk of losing some or all of the capital invested. Past or estimated returns do not guarantee future returns.
Total operation: Total investment in the project.
Mortgage: Bank financing that will be requested to carry out the project.
Total to fund: Funding requested from investors.
IRR: Return offered by the investment.
Gross rental yield: Total annual rental income from the property divided by the total cost of the operation.
Net rental yield: Investor rental return (after deducting all project costs) relative to the total operation.
Cash on Cash: Income obtained by the shareholder relative to their investment.
ROE: Net financial return for the shareholder.
Renovation / works
53.952 €
Estimated term
4 years
Why invest in this apartment?
Estimated Financing
With a 70% mortgage, the buyer would need to contribute around €30,000 including taxes. The estimated monthly payment would be less than €300.
Turnkey Product
Fully renovated and furnished apartment, with the change of use already processed.
Apartment information
This is the second unit within the Gran Vía Torreblanco Project, an initiative that aims to transform former commercial premises in Castellón de la Plana into modern residential studios.
The project involves a change of use from commercial to residential, leveraging the low acquisition cost (€645/m²) compared to the average housing price in the area (€1,790/m²), to convert the space into fully equipped studio apartments with bedroom, bathroom, and kitchen.
According to our information, Castellón de la Plana has a stable real estate market, with competitive prices and growing demand for well-located housing. In this context, the project seeks both rental income and future appreciation of the asset, neither of which is guaranteed.
Project Details:
Address: Gran Vía Tárrega Monteblanco, Castellón de la Plana
Year of construction: 1997
Approximate size per studio: 45 m²
Total project price: €86,414
Mortgage: Not applicable
Estimated annual rental income: €9,000
These studios are located in Castellón, whose economic stability and residential demand, especially in well-connected central areas, we consider favorable.
Location
Situated on Gran Vía Tárrega Monteblanco, one of Castellón’s main avenues, the area offers a combination of urban living, accessibility, and services.
The neighborhood provides good access to supermarkets, green areas, schools, hospitals, restaurants, and leisure options. It also has access to urban bus lines 4 and 8 and direct connections to the city’s main exit routes.
Main points of interest and walking distances:
- Mercadona Supermarket: 150 m (2 min)
- Nearest Pharmacy: 200 m (3 min)
- CEIP Gregal School: 220 m (3 min)
- Provincial Hospital: 230 m (3 min)
- Ribalta Park: 500 m (6 min)
- Bullring: 600 m (8 min)
- El Corte Inglés: 700 m (9 min)
- Historic Center: 950 m (13 min)
- Train Station: 1,000 m (14 min)
This unit has a total cost of €86,414 and a projected IRR of 10.55%. The IRR is a projection and is not guaranteed.
Especificaciones técnicas
City
Castellón de la Plana
Neighborhood
Ensanche
Antigüedad
2025
Referencia Catastral
1902403YK5310S0001KR
Tipología del inmueble
Flipping
Tipo de inversión
Residential
Square meters
36
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter
Promotor
Brickstarter
Strategic location in Castellón
Located on Gran Vía Tárrega Monteblanco, one of the city’s main avenues, well-connected and consolidated.
Surrounded by services
Pharmacies, schools, supermarkets, health centers and parks all within a 10-minute walk.
Area with residential demand
Intended for investors seeking assets with turnover and appreciation potential, which are not guaranteed.
Documentation
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