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3,000 m² Building Plot for 5 Luxury Villas

Valencia South Coast · Building plot
3,000 m² Building Plot for 5 Luxury Villas, photo 1 of 1

The plan

Initial planning permission is in place for the development of five luxury villas in a highly desirable location, surrounded by beautiful sea views and just 5 minutes from the beach.

Full breakdown

Purchase price
€180,000
≈ £155,000
IVA + AJD
€20,520
≈ £18,000
Notario, registro, gestoría, other
€7,250
≈ £6,238
Refurb incl. contingency
€0
Build cost incl. architect, licence and project
€1,075,250
≈ £925,000
Total invested
€1,283,020
≈ £1,104,000
Value after
€1,975,000
≈ £1,699,000
Term rent (9 months)
€42,750
≈ £37,000
Running costs per year
−€2,688
≈ −£2,312
Net rent per year (term only)
€40,063
≈ £34,000
Summer lets (12 weeks at 75% occupancy, after 25% costs)
€283,500
≈ £244,000
Gross yield
3.3%
Net rental yield
After running costs, before tax
3.1%
With summer lets
Potential, not guaranteed
25.2%
Sale price minus selling costs
€1,876,250
≈ £1,614,000
Profit if sold
€593,230
≈ £510,000
Return on a sale
46.2%
Figures are estimates based on current quotes and agent valuations. Tax depends on how you buy; your adviser confirms it. £ figures are approximate. €1 = £0.86, updated daily.

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