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- Apartamento E
Castellón de la Plana
Funded
98.125 € (100%)
Total
98.125 €
250 investors
Under Management
Total operation amount
98.124,55 €
Mortgage
0,00 €
Total to fund
98.124,55 €
Internal Rate of Return (IRR)
11,35 %
Gross rental yield
10,09 %
Net rental yield
4,46 %
Cash on Cash
5,94 %
Financial return (ROE)
4,46 %
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
52.000 €
Estimated term
4 years
Why invest in this apartment?
Estimated Return
Estimated IRR of 11.35%, 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
The Castellón Project plans to transform old commercial premises in Castellón de la Plana into modern residential spaces.
This project leverages the advantage of the change of use from commercial to residential, capitalizing on the low acquisition cost of €612.5/m² compared to the local residential average of €1,790/m². The premises will be converted into functional and fully equipped studios, each featuring a bedroom, bathroom, and kitchen.
According to our information, Castellón de la Plana has a dynamic real estate market, with affordable prices and growing demand for centrally located housing. This project combines short-term sustainability with long-term appreciation potential.
Project Details:
Location: Calle Lucena, Castelló de la Plana
Year Built: 1998
Average Studio Size: 40m²
Acquisition Price: €98,124.55
Expected Sale Price: €114,805.72
Financing: No mortgage.
Estimated Annual Rental Income: €9,900.00
These studios are located in Castellón de la Plana, whose economic stability and demand for well-located housing we consider favorable.
Location Benefits
The project enjoys a strategic location in the city center, surrounded by shops, restaurants, and entertainment options. Additionally, it offers good public transport connections and direct access to the highway.
The area features green spaces as well as essential services like banks, pharmacies, and supermarkets, which can support quality of life for residents.
Calle Lucena is located next to Parque Ribalta, close to El Corte Inglés and other landmarks like the Teatro Principal and Plaza Castle, enhancing its appeal as a place to live.
Walking distances to key points:
- Mercadona (2 minutes)
- Hospital Provincial de Castelló (3 minutes)
- Victor Vázquez Bayarri Pharmacy (5 minutes)
- Castellón Bullring (8 minutes)
- El Corte Inglés (9 minutes)
- Parque Ribalta (9 minutes)
With a total cost of €98,125, an expected appreciation of 17%, and a projected IRR of 11.35%, 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
65
Nº de habitaciones
2
No. of bathrooms
2
Gestor
Brickstarter 004
Promotor
Brickstarter
Only 3 minutes from the Provincial Hospital
Area with potential demand from both professionals and patients.
Only a 9-minute walk from "El Corte Inglés"
Right in the commercial center, with restaurants and supermarkets nearby.
Only 9 minutes from Parque Ribalta
The city's main park and green lung.