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Proyecto Sequillo

REAL ESTATE INVESTMENT PROJECTS
SEQUILLO PROJECT

Project Information

We present the Sequillo project, carried out with crowdfunding funds for the house located at c/ Sequilo, 6, in the Pueblo Nuevo neighborhood, Madrid.

Pueblo Nuevo is a neighborhood to the east of the city of Madrid, in the Ciudad Lineal district. Its main streets are Calle Alcalá and Calle de los Hermanos García Noblejas, which separate it from the San Blas-Canillejas district. The area is very well connected with means of transport (next to the García Noblejas and Ascao subways) and access to the M-30. It is a quiet neighborhood with parks and open areas, good schools, traditional markets and cultural and sports centers.

 

The house consists of: 3 bedrooms, 1 bathroom and terrace. It was purchased on March 18, 2022 for €128,000 and a 1-and-a-half-month renovation was carried out for €34,750, consisting of: change of distribution, comprehensive change of plumbing and heating, bathroom renovation and kitchen: tiling and flooring, change of shower and toilets, change of windows, complete change of electricity and installation of new furniture in the kitchen.

On July 5, 2022, the house was sold for a total of €220,000, thus generating a profit of €47,342.34

Photographs of the renovated property

Profits obteined

TOTAL EXPENSES FROM MARCH – JULY 2022

1. Purchase of the property on March 18, 2022: €128,000

  • Purchase expenses: €4,729.68

    • ITP (2%): €2.560

    • Property registration: €197.95

    • Notary: €800

    • Bank commission Checks: €54.00

    • Tax home gain: €1,228.13

2. Comprehensive reform (duration 1 month and a half): €37,437.20

  • Plumbing and heating

  • Tiling and flooring bathrooms and kitchen

  • Windows

  • Distribution change

  • Electricity

  • Sanitary

  • Kitchen furniture

3. Home Staging: €1,303.19

Furnish and decorate the house for sale

4. Marketing: €45.95

5. Housing expenses: €1,285.11

  • Previous community debt: €963.28

  • Community housing + Water: €244.63

  • Electricity expenses (2 invoices): €77.20

 

TOTAL EXPENSES: 172.801,13

 

INGRESOS REVENUE

Sale of the property on July 5, 2022: €220,000 (Signed deposit contract: 05/23/2022. Notary signed on 07/05/22)

TOTAL INCOME: €220,000

 

PROFITABILITY OF THE PROJECT

NET Profitability

€220,000 - €172,801.13 = €47,198.87 / 2 months

NET % Profitability

27,40% / 2 months

Additional documents

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