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RefurbishAvailable

Townhouse refurbishment opportunity

Valencia South Coast · Needs partial renovation
Townhouse refurbishment opportunity, photo 1 of 1

The plan

**Ideal property for a refurbishment and resale project, located in a high-demand neighbourhood with strong demand for family homes.**

Full breakdown

Purchase price
€70,000
≈ £60,000
ITP
€6,300
≈ £5,421
Notario, registro, gestoría, other
€7,250
≈ £6,238
Refurb incl. contingency
€38,500
≈ £33,000
Total invested
€122,050
≈ £105,000
Value after
€185,000
≈ £159,000
Rent per year (after empty months)
€9,350
≈ £8,045
Running costs per year
−€593
≈ −£510
Net rent per year
€8,758
≈ £7,535
Gross yield
8.4%
Net rental yield
After running costs, before tax
7.2%
Sale price minus selling costs
€175,750
≈ £151,000
Profit if sold
€53,700
≈ £46,000
Return on a sale
44%
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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