This completely renovated apartment in Valencia is excellent for investment and is located in the neighborhood of El Pilar which is situated in the heart of the city. The area is lively with a variety of bars, cafes, and shops, but the apartment is located in a quiet street which offers the perfect retreat. The asking price for this studio is € 516.000,- and it has 148m2. The forecasted potential rent for this property is € 1800,- a month, which makes this a potential yield of 4,18%.
Asking price: € 516.000,-
The apartment is currently not rented, the forecasted yearly rent: € 21.600,-
The average potential yield: 4,18%
The forecasted rent is carefully calculated by the local broker according to the local rental market.
- Three bedrooms
- Two and a half bathrooms
- Rooftop terrace
El Pilar is part of the Ciutat Vella district and is situated in the heart of Valencia. The old-town neighborhood is mainly known for the College de l’Art Major de la Seda, a museum devoted to silk. Other popular attractions in this neighborhood include Torres de Quart towers and Carrer de Santa Teresa, where many bars, cafes, and shops can be found.
The property’s central location allows for easy access to many other areas in Valencia such as the beach, the airport, and the riverbed (the Turia). The main modes of transportation in this area include buses, metros, taxis, and Valenbicis (shared bikes).
Although the neighborhood is very lively, the property itself is located in a quiet street which offers the perfect retreat.