Profitability Projection
With an estimated Internal Rate of Return (IRR) of 11.14%, according to our projections for the project.
Not achieved
Estudio Pintor Soler Blasco
Castellón de la Plana
Funded
63.719 € (100%)
Total
63.670 €
159 investors
Not achieved
Total operation amount
63.669,65 €
Mortgage
0,00 €
Total to fund
63.669,65 €
Internal Rate of Return (IRR)
11,14 %
Gross rental yield
11,87 %
Net rental yield
4,58 %
Cash on Cash
6,11 %
Financial return (ROE)
4,58 %
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
39.410 €
Estimated term
5 years
Why invest in this apartment?
Value Added Through Change of Use and Horizontal Division
The change of use, together with the horizontal division, may add value to the project by creating two independent homes.
Estimated Selling Price
Despite being a new building after renovation, the estimated selling price per square meter is expected to be lower than the market average in Castellón.
Apartment information
We present a new investment project in the center of Castellón de la Plana, a growing city with estimated potential for value appreciation. This is the first property in the project, which involves transforming a commercial space into two residential units through a change of use and horizontal division.
Main aspects of the project:
- Location: In the heart of Castellón de la Plana, near the Museum of Fine Arts and surrounded by essential services, supermarkets, and well-connected public transportation. The area is expanding and, according to our estimates, has potential for value appreciation.
Property transformation: A commercial space will be converted into two residential units through a change of use and horizontal division.
- First unit: A 50 m² studio, ideal for professionals or couples.
- Reduced price: Acquisition price of less than €350/m², below market value. According to our estimates, this could allow for appreciation after the renovation and offer competitive rental opportunities.
Projected profitability: The project has an estimated Internal Rate of Return (IRR) of over 10% depending on final occupancy and resale value.
Comparable project: A strategy similar to that used in the Benasal Project, also in Castellón, where a commercial space is being transformed into three apartments.
This project aims to generate long-term profitability in a growing market, with a central location and a flexible approach.
Technical specifications
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Year built
1998
Cadastral reference
3799207YK5239N00O4RJ
Property type
Coliving
Investment type
Residential
Square meters
50
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter 004
Developer
Brickstarter
Local Market Trends
An area with demand for housing, according to our analysis.
Change of Use with Value Potential
The change of use from commercial to residential may add value to the property.
Location with Easy Access to Key Services
Located in a central area, the property has immediate access to essential services.
Documentation
Issues
Project cancelled and capital returned
Dear investors,
This project involved changing the use of a commercial unit into two homes. After months of efforts with the local Council, there have been problems and delays with the building permit, so we have decided to cancel it and return their investment to the participants.
On 28 September 2026 we credited each investor's balance with the amount of their stake in this property. You can see it in your panel, under "Movements", as "Cash return, unsuccessful project".
Throughout this period, up to and including August 2026, investors have received the 5% promotional return set for this phase.
We would have liked to see the operation through, but we preferred to close it in good time rather than sustain a project whose viability depended on an authorisation that never arrived. We sincerely thank you for your patience and trust.