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Valmojado (41).jpg

REAL ESTATE INVESTMENT PROJECTS
VALMOJADO PROJECT

Project Information

We present you the Valmojado project, carried out by our company with own funds, situated in c/ de las Valmojado, 155, Aluche neighborhood, Madrid.

 

Aluche is a neighborhood in the city of Madrid, located in the Latina district. It is a picturesque and special neighborhood where different cultures coexist (which makes it stand out). Its multicultural factors help you meet all kinds of people of different types, nationalities and customs, making it a very interesting neighborhood. It has many parks, very good communication with the center of Madrid and various shops and malls.

 

The house consists of: 3 bedrooms, 1 bathroom, terrace and storage room. It was purchased on July 27, 2021 for the value of 130.000€ and a 1 and a half month renovation was carried out for 24.800€ which consists of: global change of plumbing and heating, modernization of bathroom and kitchen: ceramic wall and floor tiles, new shower and toilet, change of windows, electricity, new kitchen furniture.

In December 2021 the house was sold for a total of 189.000€ generating a profit of 27.656,30€.

Photographs of the renovated property

Profits obteined

TOTAL EXPENSES FROM JULY 2021 – DECEMBER 2021

1. Property acquisition on 27 July 2021: 130.000€ (the reform and management of the house has only started in October 2021)

  • Acquisition costs 3.218,24€

    • ITP (2%): 2.600€

    • Notary: 618,24€

2. Comprehensive renovation (duration 1 month and a half): 24.800€

  • Plumbing and heating

  • Bathroom tiles and kitchen floor tiles

  • Windows

  • Electricity

  • Sanitary appliances

  • Kitchen furniture

3. Property costes: 3.325,46€

  • IBI vivienda: 0€ (paid by previous seller for 2021)

  • Property insurance 0€ (paid by previous seller for 2021)

  • Property community till February 2022: 1.516,33€ 

  • Property taxes: 1.809,13€

 

TOTAL COST: 161.343,70€

 

TOTAL INCOME

Total income: Selling price of the the property in December 2021: 189.000€ (deposit : October 2021. Sign in Notary: February 2022)

 TOTAL PROFIT: 189.000€

 

PROJECT PROFITABILITY

NET Profitability

189.000€ - 161.343,70€ = 27.656,30€ / 2 months

NET % Profitability

17,14% / 2 months

Additional documents

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