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Building Plot for 4 Townhouses

Valencia South Coast · Building plot
Building Plot for 4 Townhouses, photo 1 of 1

The plan

Development plot with potential to build four terraced townhouses in a town with strong demand for family homes. An attractive opportunity for either a build-to-rent strategy or resale development.

Full breakdown

Purchase price
€150,000
≈ £129,000
IVA + AJD
€17,100
≈ £15,000
Notario, registro, gestoría, other
€7,250
≈ £6,238
Refurb incl. contingency
€0
Build cost incl. architect, licence and project
€475,200
≈ £409,000
Total invested
€649,550
≈ £559,000
Value after
€1,020,000
≈ £878,000
Rent per year (after empty months)
€41,800
≈ £36,000
Running costs per year
−€2,090
≈ −£1,798
Net rent per year
€39,710
≈ £34,000
Gross yield
7%
Net rental yield
After running costs, before tax
6.1%
Sale price minus selling costs
€969,000
≈ £834,000
Profit if sold
€319,450
≈ £275,000
Return on a sale
49.2%
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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