Total return
12,50%
Valencia Promotion, Quart
En Paralelo
Carrer de Quart 103-2 06, Valencia
En Paralelo
Total return
12,50%
0
12 months
Project phases
Don't miss anything
30/06/2017
Funded project
30/08/2018
Project closure
Project information
Floor of 107 m2 with an estimated market price according to Madiva of 136,285€ and which we have negotiated to 125,000€, from a starting price of 130,000€, which represents a discount of 8.28% compared to the market. The total amount to invest including renovation and expenses is 205,000€.
The business plan is to execute a total renovation, with special emphasis on functional redistribution. The total estimated divestment process is 10 to 12 months.
After executing the renovation we estimate that we can sell the property for 246,000€, or with a net return (after expenses and taxes) of 12.5%.
You must be logged in to see this information
If you are not yet registered, what are you waiting for?
If you already have an account, access here
Project description
DESCRIPTION
Purchase, renovation, and sale project (Appreciation) in the Botànic neighborhood belonging to the Extramurs district of Valencia. It is a building from 1966 with a privileged location on the corner between Quart Street and Gran Vía Fernando el Católico, very close to the Botanical Garden and the Turia Gardens.
The property is located on the second floor of the building, which has two elevators and adapted access. The building's staircase is of a partitioned vault typology, very characteristic of Mediterranean architecture, and has decorative elements typical of the 60s. Currently, the property consists of: entrance hall + kitchen + living room + dining room + 3 bedrooms + 2 bathrooms. It has a large balcony from which you can enjoy views of the Botanical Garden and Gran Vía. Some original decorative elements stand out, such as the entrance hall ceiling or the interior carpentry, whose reuse and recovery can add interest and value to the renovation with the contrast between the architecture of the 60s and a contemporary style.
REPOSITIONING PLAN
- Interior demolition of the property.
- New distribution with optimal use of space, and providing the property with an updated and expanded service area while maintaining 4 bedrooms, one of them with a dressing room and en-suite bathroom.
- Recovery of original elements such as ceilings and interior carpentry.
- Replacement of exterior carpentry, interior in bathrooms, and change of glass.
- New plumbing, sanitation, furniture, and sanitary appliances in the kitchen and bathrooms.
- New electrical installation.
- Painting.
Manager
En Paralelo
Somos una empresa especializada en ofrecer servicios profesionales de arquitectura y construcción, de diseño, técnicos y de gestión.
Nuestra actividad principal está organizada entorno al desarrollo de proyectos arquitectónicos de todo tipo.
Nuestro trabajo consiste en cumplir el objetivo de nuestros clientes en un contexto que demanda creatividad, innovación y colaboración. Dando una respuesta sensible a la complejidad del mundo actual.
Nuestro éxito es la satisfacción de nuestros clientes. Por ello, ofrecemos una atención personalizada, con el fin de dar respuesta a las necesidades particulares del encargo, basando nuestro trabajo en el compromiso con el proyecto y el contacto con el cliente, aportando soluciones creativas, rentables, prácticas y sostenibles.
Location
Carrer de Quart 103-2 06,
Valencia, ESP