Product designed for future sale
Renovated and furnished studio, intended to be rented out, with an estimated net return of 20% per year on equity, which is not guaranteed.
Renovation works
Gran Via Torreblanco 1
Castellón de la Plana
Funded
82.320 € (100%)
Total
82.320 €
160 investors
Renovation works
Total operation amount
82.319,64 €
Mortgage
0,00 €
Total to fund
82.319,64 €
Internal Rate of Return (IRR)
10,94 %
Gross rental yield
10,93 %
Net rental yield
4,95 %
Cash on Cash
6,60 %
Financial return (ROE)
4,95 %
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
50.852 €
Estimated term
4 years
Why invest in this apartment?
Turnkey project geared toward sale
As developers, we manage the process with the aim of offering a legalized product that is ready to sell, although its commercial viability is not guaranteed.
Flipping with cost control
We reduce margins and costs with the aim of turning over the capital in less than 12 months, without this guaranteeing the estimated IRR or eliminating the risks.
Apartment information
This is the first unit within the Gran Vía Torreblanco Project, an initiative that seeks to transform former commercial spaces in Castellón de la Plana into modern residential studios.
The project involves a change of use from commercial space to housing, taking advantage of the low acquisition cost (€645/m²) compared with the average price of housing in the area (€1,790/m²), to convert the space into studio apartments fully equipped with bedroom, bathroom and kitchen.
According to our information, Castellón de la Plana has a stable real estate market, with competitive prices and growing demand for well-located homes. In this context, the project pursues both rental income and future appreciation of the asset, neither of which is guaranteed.
Project Details:
Address: Gran Vía Tárrega Monteblanco, Castellón de la Plana
Year of construction of the building: 1997
Approximate size per studio: 45 m²
Total project price: €82,319
Mortgage: Not applicable
Estimated annual rental income: €9,000
These studios are located in Castellón, whose economic stability and residential demand, especially in well-connected central areas, we consider favorable.
Location
Located on Gran Vía Tárrega Monteblanco, one of the main arteries of Castellón, the surroundings offer a combination of urban life, accessibility and services.
The area has a wide range of supermarkets, green spaces, schools, hospitals, restaurants and leisure options. It also has access to urban bus lines 4 and 8 and a direct connection to the city's main exit routes.
Main points of interest and walking distances:
- Mercadona supermarket: 150 m (2 min)
- Nearest pharmacy: 200 m (3 min)
- CEIP Gregal: 220 m (3 min)
- Provincial Hospital: 230 m (3 min)
- Ribalta Park: 500 m (6 min)
- Plaza de Toros: 600 m (8 min)
- El Corte Inglés: 700 m (9 min)
- Historic center: 950 m (13 min)
- Train station: 1,000 m (14 min)
This unit has a total cost of €82,319, and an estimated IRR of 10.94%. These figures are estimates and are not guaranteed.
Technical specifications
City
Castellón de la Plana
Neighborhood
Ensanche
Year built
2025
Cadastral reference
1902403YK5310S0001KR
Property type
Flipping
Investment type
Residential
Square meters
35
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Location on Gran Vía
Located in a central area of Castellón, well connected and surrounded by services.
Established, well-connected urban area
Established area with residential demand.
Designed for residential rental or sale
Designed for rental or sale because of its location.
Documentation
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