Estimated return
The final buyer could obtain an estimated return of more than 17% using leverage, with no guarantee.
Renovation works
Gran Via Torreblanco 4
Castellón de la Plana
Funded
90.313 € (100%)
Total
90.313 €
192 investors
Renovation works
Total operation amount
90.312,67 €
Mortgage
0,00 €
Total to fund
90.312,67 €
Internal Rate of Return (IRR)
10,19 %
Gross rental yield
9,97 %
Net rental yield
4,18 %
Cash on Cash
5,57 %
Financial return (ROE)
4,18 %
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
56.152 €
Estimated term
4 years
Why invest in this apartment?
Estimated contribution with mortgage
Around €30 thousand would be required as a down payment (taxes included) to acquire the property with a 70% mortgage and an estimated payment of €307.
Renovated and furnished apartment
Turnkey product: change of use handled, full renovation completed and completely furnished.
Apartment information
This is the fourth unit of the Gran Vía Torreblanco Project. In this case, it is a residential studio resulting from the transformation of a well-located commercial space in Castellón de la Plana.
With an initial acquisition price of €645/m² and a total execution cost of €90,312, possible appreciation of the unit is considered, which is not guaranteed.
The property has a built area of 47.9 m² and a usable area of 38.32 m². It is completely renovated and furnished, and ready to be sold or rented.
Project Details:
- Address: Gran Vía Tárrega Monteblanco, Castellón de la Plana
- Year of the building: 1997
- Target sale price: €103,859
- Estimated annual rental income: €9,000
- Estimated average occupancy: 80%
- Estimated average price per night: €30.82
The area has supermarkets, schools, public transportation, health centers and green areas within a few minutes' walk.
Walking distances from the property:
- Mercadona: 150 m (2 min)
- Pharmacy: 200 m (3 min)
- CEIP Gregal: 220 m (3 min)
- Provincial Hospital: 230 m (3 min)
- Ribalta Park: 500 m (6 min)
- Plaza de Toros: 600 m (8 min)
- El Corte Inglés: 700 m (9 min)
- Historic center: 950 m (13 min)
- Train station: 1,000 m (14 min)
With an estimated IRR of 10.19%, a final asset adapted to market demand is proposed. This IRR is an estimate 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
35
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter
Promotor
Brickstarter
Location in Castellón
On Gran Vía Tárrega Monteblanco, a well-connected and established street in the city.
Surroundings with good services
Residential area with access to all services: health centers, schools, supermarkets and parks.
Rental or resale
The surroundings, the quality of the product and the price make it suitable for renting or reselling, with no guarantee that this will be achieved quickly.
Documentation
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