Av. Constitucion, Valencia, Spain

Project Overview

Big apartment with parking space included

The Apartment Building

The apartment building is situated in the Sant Antoni neighborhood of Valencia. The apartment is including a lift and balcony, and in total a surface of 100m2. The renovation included a new open kitchen design, bathroom remodeling and adding an extra bathroom, painting of walls, new flooring, electricity structure and interior finishes throughout. This apartment is sold to an older couple that want to have a vacation house in Valencia for themselves and for their children.

Interesting is the current general rise in housing- and rent prices in Valencia that have been accelerating steadily throughout the second half of 2018.

 

A Fun Detail

Green park a plus? With 10 minutes walking there is the Turia park.

 

Project Outlook

Our team has completely renovated the First Floor Exterior apartment. The apartment is including a lift, and in total a surface of 100 m2. Normally, the kitchen is designed as open and looking at the lounge area but in this occasion the buyer (he bought offplan) prefered to had the kitchen out of the lounge. We remodeled the bathroom and added a new one. Painting of walls, new flooring, electricity structure and interior finishes throughout. This apartment is perfect for a family, and/or being rented to multiple students that are working or studying in- or outside Valencia and using public- and/or own transportation, in our case the buyers were a retired couple that wanted to have a place in Valencia, because they’re from another town. On the selling price of the apartment there was a parking lot included, that made it a really good deal.

 

Why this Investment is Safe and Promising?

It’s really well situated and the area is desired by the locals. Just 10 minutes with metro from the city centre.

 

Scope of Work
  • 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
  • Adding a new bathroom, two in total.
  • Changing the lounge in order to be bigger and overlooking the outside view.

 

Project Schedule
Rehab: 2,5 months
Listing Period: 1 months (partly overlapping)
Expected Total Project Period: 4 months

 

Investment Results Prediction
Purchasing price: €82.000
Rehab + costs: €40.000
Total investment: €112.000
Selling Price: €140.000
Profit: €28.000
ROI investors up to: 20%

 

Project Details

  • Categories:Fix & Flip
  • Surface Area:95m2
  • Completed:May 2018
  • Cost:€112.000

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