Flipping Project
The objective is to sell the property as soon as possible, which, if achieved, could improve the estimated IRR, with no guarantee.
Under Management
Calle Lucena- Estudio C
Castellón de la Plana
Funded
84.527 € (100%)
Total
84.527 €
145 investors
Under Management
Total operation amount
84.527,14 €
Mortgage
0,00 €
Total to fund
84.527,14 €
Internal Rate of Return (IRR)
11,32 %
Gross rental yield
10,65 %
Net rental yield
4,86 %
Cash on Cash
6,48 %
Financial return (ROE)
4,86 %
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
51.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated Return
Estimated IRR of 11.32%, which is not guaranteed and depends, among other factors, on when the property is sold.
Increase in Property Value
The conversion from commercial to residential use can increase the property's value.
Apartment information
We present the first initiative of a project that plans to transform old commercial premises in Castellón de la Plana into modern and functional residential spaces.
This project includes the change of use from commercial to residential, taking advantage of the low purchase price (€612.5/m²) compared to the residential average in the area (€1,790/m²). The goal is to convert these premises into fully equipped independent studios with a bedroom, bathroom, and kitchen.
Furthermore, according to our information, Castellón de la Plana has a stable market, with competitive prices and growing demand for well-located housing. The project therefore seeks both income and long-term value appreciation, neither of which is guaranteed.
Project Details:
Address: Cl. Lucena, Castelló de la Plana
Building Year: 1998
Approximate Size per Studio: 40m²
Acquisition Price: €84,527.14
Estimated Sale Price per Studio: €97,206.21
Mortgage: No mortgage.
Estimated Annual Rental Income: €9,000.00
These studios are located in Castellón de la Plana, whose economy and housing demand we consider favorable.
Location
The property is located in the city center, surrounded by shops, restaurants, entertainment options, and good transport connections.
The area has green spaces and essential services such as banks, pharmacies, and supermarkets nearby, which makes daily life easier for residents.
Lucena Street is next to Ribalta Park, close to El Corte Inglés and tourist attractions like the Plaza Castle and the Teatro Principal, an area that may suit those seeking quality of life.
Walking distances to key points:
- Mercadona Supermarket (2 minutes)
- Provincial Hospital of Castelló (3 minutes)
- Victor Vázquez Bayarri Pharmacy (5 minutes)
- Castellón Bullring (8 minutes)
- El Corte Inglés (9 minutes)
- Ribalta Park (9 minutes)
With a total cost of €84,527, a projected appreciation of 15%, and an estimated IRR of 11.32%, these figures are estimates and are not guaranteed.
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
50
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter 004
Promotor
Brickstarter
Only 3 minutes from the Provincial Hospital
Area with potential demand from both professionals and patients.
Just a stone's throw from El Corte Inglés
Right in the commercial center, with restaurants and supermarkets nearby.
Only 9 minutes from Ribalta Park
Main city park.