Estimated return
A return of 11.32% is estimated, which is not guaranteed and depends, among other factors, on the time it takes to sell the property.
Under Management
Calle Lucena- Estudio D
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?
Flipping Project
The goal 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
Converting from commercial to residential use can increase the value of the property
Apartment information
This is the start of a project that seeks to convert former commercial premises in Castellón de la Plana into modern, functional housing.
The project involves a change of use from commercial to residential, which takes advantage of the low purchase price (€612.5/m²) compared with the residential average in the area (€1,790/m²). These premises will be adapted to become fully independent studios, equipped with a bedroom, bathroom and kitchen.
Castellón de la Plana offers a stable environment and a competitive market, with growing demand for well-located residential spaces. This project aims to generate income and achieve long-term appreciation, with no guarantee that they will be achieved.
Key Project Data:
Location: Cl. Lucena, Castelló de la Plana
Year of Construction: 1998
Approximate Area per Studio: 40 m²
Purchase Price: €84,527.14
Estimated Sale Price: €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.
Strategic Location
The project is located in the very center of the city, close to shops, restaurants and leisure areas. It also has good public transport connections and direct access to the highway.
The area has green spaces and essential services such as banks, pharmacies and supermarkets within a short distance, which makes daily life easier for its residents.
Calle Lucena is next to Ribalta Park, a few steps from El Corte Inglés and other attractions such as the Castillo de la Plaza and the Teatro Principal, reinforcing its appeal for those looking for quality of life.
Walking distances to important locations:
- Mercadona (2 minutes)
- Hospital Provincial de Castelló (3 minutes)
- Victor Vázquez Bayarri Pharmacy (5 minutes)
- Plaza de Toros de Castellón (8 minutes)
- El Corte Inglés (9 minutes)
- Ribalta Park (9 minutes)
With a total cost of €84,527, an estimated appreciation of 15% and a projected IRR of 11.32%, these figures are projections 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
56
Nº de habitaciones
1
No. of bathrooms
1
Gestor
Brickstarter 004
Promotor
Brickstarter
Just 3 minutes from the Hospital Provincial
Area with possible demand from both professionals and patients.
Steps away from El Corte Inglés
In the heart of the shopping area, with restaurants and supermarkets.
Just 9 minutes from Ribalta Park
The city's main park and green lung.