Carrer Santos, Justo y Pastor, Valencia, Spain

Project Overview

Close to the beach and well communicated

The Apartment Building

The apartment building is situated in the Aiora neighbourhood of Valencia. The apartment is located within less than 5 minutes from the nearest metro station. The metro of Valencia is pretty small, for that reason, to be close to a metro station is really valuable. The neighbourhood is close to the beach (few stops by bus) and close to the bigger park of Valencia, the former river: Turia park.

 

A Fun Detail

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.

 

Project Outlook

Our team has completely renovated the Eighth Floor Exterior apartment. The apartment is including a lift, and in total a surface of 90 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. 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.

 

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 months
Listing Period: 3 months (partly overlapping)
Expected Total Project Period: 4-6 months

 

Investment Results Prediction
Purchasing price: €70.000
Rehab + costs: €40.000
Total investment: €110.000
Selling Price: €125.000
Profit: €15.000
ROI investors up to: 13,6%

 

Project Details

  • Categories:Fix & Flip
  • Surface Area:95m2
  • Completed:October 2018
  • Cost:€110.000

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