Estimated return
A return of 11.50% is estimated, which is not guaranteed and depends, among other factors, on the time frame in which the property is sold.
Under Management
Calle Lucena- Estudio B
Castellón de la Plana
Funded
77.019 € (100%)
Total
77.019 €
170 investors
Under Management
Total operation amount
77.018,94 €
Mortgage
0,00 €
Total to fund
77.018,94 €
Internal Rate of Return (IRR)
11,50 %
Gross rental yield
10,91 %
Net rental yield
4,84 %
Cash on Cash
6,45 %
Financial return (ROE)
4,84 %
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
44.000 €
Estimated term
4 years
Why invest in this apartment?
Flipping Project
The objective will be to sell the property as quickly as possible, which, if achieved, could improve the estimated IRR, with no guarantee.
Increase in Property Value
The objective will be to sell the property as soon as possible, so that, if achieved, the IRR could be higher than estimated, with no guarantee
Apartment information
This is the second operation of a project that plans to transform two former commercial spaces in Castellón de la Plana into modern and functional residential spaces.
This project also includes a change of use from commercial to residential, which allows us to take advantage of the low purchase price (€612.5/m²) compared with the residential average of €1,790/m² in the area and to convert the commercial spaces into independent studios, fully equipped with bedroom, bathroom and kitchen.
In addition, Castelló de la Plana shows, according to our information, stable activity and a competitive average price level. Together with the demand for well-located residential spaces, this is the context in which the project is proposed, which pursues both rental income and long-term appreciation, neither of which is guaranteed.
Project Details:
- Address: Cl. Lucena, Castelló de la Plana
- Year of Construction of the building: 1998
- Approximate Size per Studio: 40m²
- Acquisition Price: €77,018.94
- Estimated Sale Price per studio: €88,571.78
- Mortgage: There is no mortgage.
- Estimated Annual Rental Income: €8,400.00.
Location
The property is located in a central area, surrounded by shopping centers, restaurants, cinemas, theaters and various leisure options. It also has several public transportation lines and direct access to the highway, which makes getting around easier.
The area has nearby green areas, which offers a pleasant and balanced environment. The presence of banks, post offices, pharmacies, supermarkets and other essential services makes daily life easier for its residents.
Calle Lucena is close to Ribalta Park, a few steps from El Corte Inglés, the historic center of the city and the main tourist attractions, such as the Castillo de la Plaza and the Teatro Principal.
Walking distance to the main nearby points of interest:
- Mercadona supermarket (2 minutes)
- Hospital Provincial de Castelló (3 minutes)
- Farmacia Victor Vázquez Bayarri (5 minutes)
- Plaza de Toros de Castellón (8 minutes)
- El Corte Inglés (9 minutes)
- Ribalta Park (9 minutes)
This operation has a total cost of €77,018.94, an estimated appreciation of 15% and an estimated internal rate of return (IRR) of 11.50%. The appreciation and IRR figures are estimates and may not be reached.
Especificaciones técnicas
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Antigüedad
1998
Referencia Catastral
2004930YK5320S0007WF
Tipología del inmueble
Flipping
Tipo de inversión
Residential
Square meters
42
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter 004
Promotor
Brickstarter
Only 3 minutes from the Provincial Hospital
Area with possible demand from both professionals and patients.
Only a 9-minute walk from "El Corte Inglés"
Right in the commercial center, with restaurants and supermarkets.
Only 9 minutes from Ribalta Park
The city's main park and green lung.