General Information

  • IRR%: -
  • CoC%: -
  • Minimum: 1k EUR
  • Type: -
  • Asset: -
  • Investors: 41
  • Start Date: 2018-04-13
  • End Date: 2017-07-01
  • Target: 225k EUR
  • Completed: 100%

Additional Information

  • Urgell 110 – Barcelona
  • Barcelona
  • Spain

It is a very luminous 1º (3º real) of 4 rooms and 1 bathrooms with 118 m2 located in the street Comte Urgell 110 of Barcelona, doing corner with Council of Hundred, in the heart of neighborhood of Eixample Left and to scanty meters of the University of Barcelona. The property is corner, south facing, with good height and therefore remarkably bright and quiet. In addition, it is a restored royal estate with a special charm. That is why, even buying at appraised value (acquired for 390,000€ and appraised at 391,289€) the operation is extremely attractive. It's hard to find pieces like that!

Its rehabilitation and later sale is foreseen in a period of 8 months considering 3 of work and 5 of commercialization.

Following a strategy, we will position our property at the top of the market in terms of finishes as if it were new construction but maintaining a competitive final price of €630,000 (€5,338/m2 built compared to the current €5,611/m2 in the area). Your expected annualized return is 13.7%!

We will change the location of the kitchen, bringing it forward to the living room and giving it more space. We'll also open it from the front to the corridor. We will relocate the bathrooms and adjust their size. We'll redefine the laundry room as a master suite bathroom. In short, a comprehensive reform of the Privalore line that will result in a new-build flat, completely renovated with the exception of the historical elements that we will restore to give it character, all of which, as always, with a neutral carbon footprint, i.e. without environmental impact.

The privileged situation of the house, its quality, its size and final price, the scarcity of units for sale (1.58% of the total housing stock) as well as the reforms we are going to carry out, give us sufficient guarantees to be sure that we will achieve its sale quickly and at the expected price.

Project offered by

Privalore

PRIVALORE is a new way of understanding the real estate sector that benefits everyone. It is the first national real estate developer open to all, allowing onli...

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