Valencia, Calle de Ramiro de Maeztu

On behalf of our client, Spring Valencia exclusively offers for sale the property located on Calle Ramiro de Maeztu, Valencia. 

The flat consists of approximately 93 m², divided into five bedrooms, two bathrooms and a communal kitchen. 

It is located in the Ayora neighbourhood. This area is a great place for young professionals. The flat is in a quiet area, but almost next to the metro stop to the city, so you can be in the city in less than 10 minutes. In addition, it is perfectly located for students, given its proximity to Valencia's universities. The flat is also close to the supermarket and all necessary amenities are available nearby. 

The flat needs to be renovated and optimised for maximum rental return.  The total investment in furniture and renovation will be around €26,000. You therefore have the opportunity here yourself to add value to the apartment. 

The expected annual rent after renovation will be €28,800. 

Asking price: € 195,000

Gross initial yield: 11.5% 

Net yield: 7.32%

Costs: 

Renovation: € 26,000,-

Transfer tax: 10%

Brokerage commission: 3%

VVE-contribution = € 480,- per year 

IBI-tax = € 250,- per year

Income tax = 19% per year on the net rent

Management = 8% of the rental income