Benimaclet, Valencia
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Overview
Located in Benimaclet, one of Valencia's most dynamic and sought-after neighborhoods, this property benefits from the area's mix of local charm, cultural life, and proximity to universities and public transport. The strong rental demand from students and young professionals makes Benimaclet a prime location for long-term investment.
Acquisition & Renovation
Acquired directly from a bank, the apartment was originally a three-bedroom unit with a small, outdated kitchen. A full renovation was carried out, including a new open-plan kitchen, updated bathroom, complete electrical upgrade, and fresh paint throughout. The layout was optimized by adding an additional room within the living area, enhancing both functionality and rental potential.
Key Improvements
Investment Summary
Purchase Price
€118,000
Current Value
€180,000
Appreciation
52.5%
Rental Returns
Monthly Income
€1,830
Gross Yield
18.61%
Cash-on-Cash Return
23.9%
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