Gran Via Torreblanco 4

Gran Via Torreblanco, Castellón de la Plana

Funded

90.313 € (100%)

Total

90.313 €

192 Investors

Renovation works

Operation Total:

90.312,67 €

Mortgage:

0,00 €

Total to finance:

90.312,67 €

Internal Rate of Return (IRR):

10,19 %

Gross Rent Return

9,97 %

Net Rent Return

4,18 %

Cash on Cash

5,57 %

Return on Equity (ROE)

4,18 %
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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Gran Via Torreblanco 4

Gran Via Torreblanco, Castellón de la Plana

Funded

90.313 € (100%)

Total

90.312,67 €

192 Inversores

Renovation works

Funded

90.313 € (100%)

Total

90.312,67 €

192 Inversores

Renovation works

Operation Total:

90.312,67 €

Mortgage:

0,00 €

Total to finance:

90.312,67 €

Internal Rate of Return (IRR):

10,19 %

Gross Rent Return

9,97 %

Net Rent Return

4,18 %

Cash on Cash

5,57 %

Return on Equity (ROE)

4,18 %
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?

Estimated return

The final buyer could obtain an estimated return of more than 17% using leverage, with no guarantee.

Estimated contribution with mortgage

Around €30 thousand would be required as a down payment (taxes included) to acquire the property with a 70% mortgage and an estimated payment of €307.

Renovated and furnished apartment

Turnkey product: change of use handled, full renovation completed and completely furnished.

Information about the apartment

We are presenting the fourth of the "flipping" investment operations planned in Castellón: the Gran Vía Monteblanco Project – Home 4.

You can read more about our types of "flipping" investment here, and learn all the details of the Gran Vía Torreblanco project here.

This project involves the comprehensive transformation of a commercial space into a studio apartment with a complete renovation, change of use, horizontal property division and furnishing. In addition, storage rooms with individual cadastral references are included.

The goal is to generate a finished product, intended for direct sale and with an estimated return, not guaranteed, for both the developer and the final buyer.

What does this transformation involve?

  • Increase in value: the change of use and the renovation may increase the value of the asset in an established urban location.
  • Estimated rental income: monthly income of €750 is forecast, equivalent to €9,000 per year.
  • Turnover and demand: the studio format attracts young people, couples and relocated workers, with an estimated occupancy of 80%.
  • Competitive final price: the estimated sale price is €103,859, which, according to our estimates, is below the average market price for properties of this type in the area.
  • Estimated returns: an IRR of 10.19% for the developer and a return of 17.06% for the final buyer are estimated.

A property described as fully regularized, with the work completed, furnished and ready for sale, although the outcome of the operation is not guaranteed.

Past or estimated returns do not guarantee future returns. Investing involves a risk of total or partial loss of the invested capital.

Performance of similar apartments

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

Similar property

Rents for €750 per month

Similar property

Rents for €850 per month

City

Castellón de la Plana

Neighborhood

Ensanche

Antiquity

2025

Property registry number

1902403YK5310S0001KR

Type of property

Flipping

Type of investment

Residential

Square meter

35

Number of rooms

1

Number of bathrooms

1

Manager

Brickstarter

Promoter

Brickstarter

Location

Location in Castellón

On Gran Vía Tárrega Monteblanco, a well-connected and established street in the city.

Surroundings with good services

Residential area with access to all services: health centers, schools, supermarkets and parks.

Rental or resale

The surroundings, the quality of the product and the price make it suitable for renting or reselling, with no guarantee that this will be achieved quickly.

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