Benasal Apartamento C

Calle Benasal 9, Castellón de la Plana

Funded

65.244 € (100%)

Total

65.244 €

191 Investors

Renovation works

Operation Total:

65.244,44 €

Mortgage:

0,00 €

Total to finance:

65.244,44 €

Internal Rate of Return (IRR):

11,41 %

Gross Rent Return

11,50 %

Net Rent Return

5,07 %

Cash on Cash

6,76 %

Return on Equity (ROE)

5,07 %
What do these figures mean?

Total operation: Total project investment.

Mortgage: Banking financing that will be requested to achieve the project.

Total funds: Funds requested from investors.

IRR: Return offered by the investment.

Gross Return on Rent: Total rent income divided by the total cost of the operation.

Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.

Cash on Cash: Income obtained by the shareholder in relation to his investment.

ROE: Net Financial Return for the Shareholder.

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Benasal Apartamento C

Calle Benasal 9, Castellón de la Plana

Funded

65.244 € (100%)

Total

65.244,44 €

191 Inversores

Renovation works

Funded

65.244 € (100%)

Total

65.244,44 €

191 Inversores

Renovation works

Operation Total:

65.244,44 €

Mortgage:

0,00 €

Total to finance:

65.244,44 €

Internal Rate of Return (IRR):

11,41 %

Gross Rent Return

11,50 %

Net Rent Return

5,07 %

Cash on Cash

6,76 %

Return on Equity (ROE)

5,07 %
What do these figures mean?

Total operation: Total project investment.

Mortgage: Banking financing that will be requested to achieve the project.

Total funds: Funds requested from investors.

IRR: Return offered by the investment.

Gross Return on Rent: Total rent income divided by the total cost of the operation.

Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.

Cash on Cash: Income obtained by the shareholder in relation to his investment.

ROE: Net Financial Return for the Shareholder.

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Property information
Project summary
Financial information
Documentation
Market study
Project summary

Why invest in this apartment?

High Internal Rate of Return (IRR):

The project estimates an IRR of 11.41%.

Opportunity secured and construction started.

We expect to have it ready on the market very soon.

Our 8th oportunity in Castellón

Extensive experience in the Castellón market, where we have a thorough understanding of the demand.

Information about the apartment

At Brickstarter, we continue to bet on the promising real estate market in Castellón de la Plana, and we are pleased to present a new and exciting investment opportunity: the third and final phase of the Benasal Project. This project consists of transforming a former commercial premises into three independent, fully equipped and adapted apartments. 

The property has already been acquired, the permits have been requested, and we have already started the construction work. You can follow all the progress through ourTelegram channel.

To ensure the success of this operation, we have been advised by a team of experts in different areas, including lawyers and architects to ensure the viability and profitability of the project.

Castellón stands out for its more affordable real estate prices compared to other cities in Spain. While cities such as Madrid and Barcelona have high costs due to their high demand and population density, Castellón offers an attractive alternative for investment with a more balanced, accessible environment and promising growth potential.

In addition, Castellón is experiencing continuous development, with growing demand in various segments of the real estate market. Likewise, improvements in infrastructure and the advancement of urban development are creating an increasingly favorable environment for investment, making Castellón an ideal destination for real estate investments that can offer profitability and a high potential return on investment.

This will be our eighth opportunity in Castellón de la Plana, a market we know very well and that has been giving us excellent results. Without a doubt, we must take advantage of the few opportunities remaining in the market.

Why invest in this project?

  • Strategic location: The property is located in an area with high demand for housing, which guarantees rapid commercialization and high profitability.
  • Comprehensive reform: We will carry out a complete reform of the space, optimizing the distribution and using high quality materials to create modern and functional housing.
  • Great revaluation potential: Market studies indicate that the sale price of the apartments will be below the current market value, which means an excellent opportunity for high profitability.
  • Bank opportunity: The low purchase price, thanks to our alliance with banks, allows us to offer very attractive conditions to our investors. 
  • Opportunity already secured: the property has been acquired, and the renovation has already begun, so the time to market will be shorter than in previous occasions. 

We consider that this third investment opportunity in Castellón de la Plana has the necessary characteristics to invest in a profitable and secure property with great potential for revaluation.


Performance of similar apartments

Profitable properties, similar to this one that are generating profits to their investors

Selling price 98000 euros

Renovated first floor: 2 bedrooms and one bathroom.

Sales price 104700 euros

Renovated first floor: 65 square meters

City

Castellón

Neighborhood

Castellon de la Plana

Antiquity

1968

Property registry number

2698302YK5229N0001LP

Type of property

Coliving

Type of investment

Residential

Square meter

66

Number of rooms

1

Number of bathrooms

1

Manager

Brickstarter 004

Promoter

Brickstarter

Location

Proximity to Essential Services

The apartment is located in a privileged area, surrounded by pharmacies, supermarkets, etc

High Residential Demand in the Area:

The area has a high demand for housing, which facilitates the search for tenants.

Close to Valencia

Avenue Main artery of the city.

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