Calle Acacias, Valencia

Project Overview

Our two small amazing penthouses

Location

The apartment building is situated on a calm street, in the Benicalap neighborhood of Valencia. The apartment is located within a 15 minute public transport distance to the old city center and 20 minutes to the beach in Valencia. The neighborhood is surrounded by Ciutat Fallera to the north and El Calvari to the south, connected to the Blue Metro line (stop called Transits) and multiple bus stops on a few minutes walking distance. Also very much convenient is a supermarket and a fitness center around the corner.

A Fun Detail

The terrace of both flats its huge and really sunny. Perfect, to enjoy during summer or winter.

 

Project Outlook

Our team is going to completely renovate the Atico apartment (Atico stands for highest apartment of the building). From one apartment of 60 m2 we are creating two modern studio lofts of 30 m2
each, with a lot of natural light coming in from the spacious terraces. Walls will be removed and newly placed to create two new and modern studios with separate entrance doors. Part of the rehab is an open kitchen design, bathroom remodels and interior finishes throughout. The spacious terraces of 25 m2 each are the unique selling point of the studios, as they add to a high living standard in combination with the pleasant weather conditions almost all year around in Valencia. This apartment is perfect for a couple, commuters, and/or students that are working in- or outside Valencia and using public- and/or own transportation. What plays in our favor is the current situation with higher demand than supply for these Atico apartments and a general rise in housing prices in Valencia that have been accelerating steadily throughout the second half of 2017. The outlook is a strong positive upward trend.

Why this Investment is Safe and Promising?

The fact to be splitting the flat in 2 different flats, make it much more profitable.

 

Scope of Work
  • Creating two modern lofts/studios out of one apartment
     Removing existing walls
     Dividing the terrace into two pleasant living outside spaces
     Creating a spacious two person bedroom
     Two Completely new kitchens
     Complete bathroom remodels (2) with Tile Finishes and Fixtures
     New interior doors
     New flooring throughout the apartment
     New interior paint throughout the apartment
     New windows
     Renewing the electricity system through the apartment

 

Project Schedule
Rehab: 4 months
Listing Period: 4 months (partly overlapping)
Expected Total Project Period: 8 months

 

Investment Results Prediction
Purchasing price: €70.000
Rehab + costs: €40.900
Total investment: €110.900
Selling Price: €160.000
Profit: €49.100
ROI investors up to: 30%

 

Project Details

  • Categories:Fix & Flip
  • Surface Area:70
  • Completed:January 2019
  • Cost:110900

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