Spacious apartment
More than 70 square meters with 2 double bedrooms
Sold
Santos Médicos
Alicante
Funded
147.180 € (100%)
Total
147.180 €
262 investors
Sold
Total operation amount
147.179,80 €
Mortgage
0,00 €
Total to fund
147.179,80 €
Internal Rate of Return (IRR)
10,05 %
Gross rental yield
11,20 %
Net rental yield
4,97 %
Cash on Cash
5,84 %
Financial return (ROE)
4,97 %
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
21.000 €
Estimated term
4 years
Why invest in this apartment?
Designed for vacation rental
The plan is to apply for the vacation rental license, which could add value to the property.
Competitive acquisition price
46% below the average price per square meter.
Apartment information
This project will initially need some preparation work, with a small initial renovation to bring it into good condition. It will then be rented as a vacation rental because we believe it is a suitable option to generate income, given its type and location.
These are some of the features of the property:
- Price: Despite its size, its acquisition price per square meter is lower than that of comparable vacation rental properties in Alicante. This is striking since both the property and the building are in a good state of repair.
- The acquisition price per square meter (€1,529/m2) is 46% below the current asking price according to Idealista (€2,756/m2).
- The target sale price is below the current asking price according to Idealista, which, according to our estimates, could make it easier to sell, although the time frame may vary.
- Type: This is a spacious property, with 2 double bedrooms, kitchen, living room and bathroom, laid out over more than 70 square meters. With capacity for 6 people. Suitable for vacation rental.
- Rental demand, also for mid-term stays: We know the city and, in our experience, apartments of this kind are in demand and perform well, not only as vacation rentals, but also on a mid-term rental basis.
- Location: it is in the historic center of the city of Alicante, in the Santa-Cruz neighborhood, very close to Postiguet Beach. Other points of interest in the city are:
- Co-Cathedral of Alicante: 2 minutes' walk (150 meters)
- Museo de les Fogueres: 2 minutes' walk (160 meters).
- Teatro Principal: 4 minutes' walk (300 meters).
- Plaza del Ayuntamiento: 4 minutes' walk (350 meters)
- Central Market: 5 minutes' walk (400 meters).
- Museum of Contemporary Art: 5 minutes' walk (400 meters).
- Viewpoint at the Ermita de San Roc: 5 minutes' walk (300 meters): from where the whole city of Alicante can be seen.
- Postiguet Beach: 8 minutes' walk (650 meters)
Especificaciones técnicas
City
Alicante
Neighborhood
Santa Cruz
Antigüedad
1950
Referencia Catastral
0074411YH2407C0004SI
Tipología del inmueble
Vacation Rental Property
Tipo de inversión
Vacation Rental Property
Square meters
52
Nº de habitaciones
2
No. of bathrooms
1
Gestor
Brickstarter
Promotor
Brickstarter
Old Town of the city
Area with tourist demand
District with demand for vacation rental
According to our market data, with high average income and occupancy
Main monuments, beach and leisure venues very close by
150 meters from the Co-Cathedral
Documentation
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