Arquitecte Carbonell, Valencia
Finished & Sold Bright, light space with charm
Project Overview
The apartment building is situated in the Tormos neighbourhood of Valencia. The apartment is located within a 15 minute public transport distance to the old city center and also 15 minutes to the beach in Valencia. The neighbourhood is surrounded by the pleasant La Saidia to the south, Benicalap to the left, and Sant Antoni to the right. It is connected to the Blue Tram line (stop called Sagunt), and Purple tram line called Tossal del Rei both on 5 minutes walking distance. In terms of convenience, a supermarket just around the corner, and surrounded by restaurants and bars.
Green park a plus? With 5 minutes walking there is the Marxalenes park. Shopping your thing? Valencia’s shopping center is just around the corner.
The apartment is situated close to one of our recent projects in Carrer de Constitucion, very similar in terms of housing characteristics. We are excited because we sold this project with an excellent profit even before the renovation was completely finished. This shows the high quality and demand for this area, which is desirable for a lot of people because of its pleasant living conditions and status.
Our team has completely renovated the Third Floor Exterior apartment. The apartment is including a lift and balcony, and in total a surface of 95 m2. Although the apartment is relatively well maintained over the years, the renovation included a new (open) kitchen design, bathroom remodeling, painting of walls, new flooring, electricity structure and interior finishes throughout. This apartment is perfect for a family, commuters, and/or being rented to multiple students that are working or studying in- or outside Valencia and using public- and/or own transportation. What played in our favor is the current situation with higher demand than supply for these apartments with big terraces and a general rise in housing- and rent prices in Valencia that have been accelerating steadily throughout the second half of 2017. The outlook for 2018 continued to be a strong positive expected upward trend of about 10% in general for the city of Valencia.
- Complete renovation of the apartment
- A complete new kitchen
- Complete bathroom remodel with Tile Finishes & Fixtures
- New interior doors
- New flooring throughout the apartment
- New interior paint throughout the apartment
- New windows
- Renewing the electricity system through the apartment
- Integrated light bulbs throughout the apartment
- Renewing the balcony and the doors to the balcony
Project Schedule
| Purchasing price: | €73.000 |
| Rehab + costs: | €44.060,57 |
| Total investment: | €117.060,57 |
| Selling Price: | €123.000 |
| Profit: | €5.939,43 |
| ROI for investors: | 5,1% |