Estimated return for the final investor
According to our estimates, the final buyer could obtain more than 18% per year on their own funds, with a monthly cash flow above €450, with no guarantee.
Renovation works
Gran Via Torreblanco 3
Castellón de la Plana
Funded
88.363 € (100%)
Total
88.363 €
172 investors
Renovation works
Total operation amount
88.363,40 €
Mortgage
0,00 €
Total to fund
88.363,40 €
Internal Rate of Return (IRR)
10,36 %
Gross rental yield
10,19 %
Net rental yield
4,27 %
Cash on Cash
5,69 %
Financial return (ROE)
4,27 %
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
55.052 €
Estimated term
4 years
Why invest in this apartment?
Estimated financing
With an initial contribution of around €30 thousand, the property could be acquired by financing 70%, with an estimated monthly payment.
Renovated and furnished property
The apartment is delivered renovated, with furniture included and the change of use already approved.
Apartment information
This is the third 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 (€610/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: €88,363
- Mortgage: Not applicable
- Estimated annual rental income: €9,000
Location
The property is located on Gran Vía Tárrega Monteblanco, one of the main arteries of Castellón, which offers urban life, accessibility and services. Supermarkets, schools, hospitals, parks and public transportation (bus lines 4 and 8) are just a few meters away.
Main points of interest and walking distances:
- Mercadona: 150 m (2 min)
- 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 €88,363, and an estimated IRR of 10.36%. 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
37
No. of bedrooms
1
No. of bathrooms
1
Manager
Brickstarter
Developer
Brickstarter
Good location in Castellón
Located on one of the city's main arteries, with visibility and good connection to the center.
Area with residential demand
In an environment with schools, medical centers, supermarkets and green areas. Suitable for a primary residence or for rental.
Established, attractive surroundings
The neighborhood combines quiet, services and proximity to the historic center.
Documentation
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