Split in twoAvailable
Potential to convert into two residential houses with a commercial bar.
Valencia South Coast · Needs full renovation
The plan
**Very interesting investment opportunity with significant potential.** The property could be divided into two separate residential properties, with a commercial bar/cafeteria on the ground floor.
The property already holds a **food and beverage licence**, offering an excellent opportunity to establish a commercial business alongside the residential units.
Located in the **heart of the town centre**, the property benefits from a highly convenient and attractive location.
Full breakdown
- Purchase price
- €75,000≈ £65,000
- ITP
- €6,750≈ £5,808
- Notario, registro, gestoría, other
- €2,250≈ £1,936
- Refurb incl. contingency
- €99,000≈ £85,000
- Architect, licence, división horizontal
- €3,000≈ £2,581
- Total invested
- €186,000≈ £160,000
- Value after
- €375,000≈ £323,000
- Rent per year (after empty months)
- €28,050≈ £24,000
- Running costs per year
- −€1,523≈ −£1,310
- Net rent per year
- €26,528≈ £23,000
- Gross yield
- 16.5%
- Net rental yieldAfter running costs, before tax
- 14.3%
- Sale price minus selling costs
- €356,250≈ £307,000
- Profit if sold
- €170,250≈ £146,000
- Return on a sale
- 91.5%
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.
Interested in this one?
Send a message and we'll go through the numbers, the structure and the timeline together.