At Urbanitae, we present a new Direct Investments opportunity in the city of Castellón de la Plana: a second-hand residential property with a strong financial profile, designed for investors seeking recurring returns, discounted entry, and potential appreciation in a stable, growing residential market.
The Ribelles Comín property is acquired with an approximate 10% discount compared to comparable homes, allowing you to enter the asset with an immediate value cushion. With a purchase price of €129,000 and an estimated total investment of €169,826, this deal offers an expected 5% net yield from the moment it is rented out, in line with some of the most attractive average returns in Spain’s residential market across well-established provincial capitals.
An asset to rent… or exit in the medium term
From a strategy perspective, this investment supports a clearly dual approach. On one hand, it can be operated as a rental from day one, backed by stable and diversified residential demand. On the other, it offers the possibility of divestment in the medium or long term, benefiting both from the property upgrade after refurbishment and from the positive evolution of the local market.
Over a seven-year horizon, the financial analysis projects an IRR above 15%, driven by the combination of recurring rental income and an estimated capital gain above the area’s average. All of this under a prudent approach, with conservative assumptions and rigorous risk control.
Asset features
The home has 91 m² built area, distributed into three bedrooms, a living-dining room, a separate kitchen, and one bathroom. It is located on the first floor with an elevator, a key factor to broaden the range of potential tenants and improve the asset’s future liquidity.
The layout is functional and highly sought-after in the residential rental market, with good natural light and a configuration that suits both families and professional tenants. The building is in very good condition, reinforcing asset quality and reducing operational risk.
Non-structural refurbishment with a prudent approach
The deal includes a non-structural refurbishment, aimed at updating the home and aligning it with current market standards in Castellón. No changes to the layout or the building structure are required, which helps contain costs, reduce timelines, and improve visibility on the final return.
The refurbishment budget has been set under a prudent scenario, prioritizing risk control and optimizing the cost–value trade-off—one of the pillars of Direct Investments deals.
Why invest in Castellón?
Castellón de la Plana’s real estate market shows positive, sustained momentum, supported by improvements to the urban environment and a limited supply of well-located housing.
- Annual purchase price growth: +8%.
- Annual rent growth: +11.2%, reflecting active and stable demand.
- Average net yields in the city in the 5%–6% range, especially for refurbished homes.
- Strong demand from young professionals, families, and workers in the industrial and logistics sectors.
Castellón de la Plana serves as the provincial capital and the hub of the metropolitan area, with strong road connections (AP-7, N-340, CV-17) and quick access to the province’s main industrial and logistics hubs. The city sits at the heart of the Castellón ceramics cluster, one of the most important in Europe.
Major business groups operate in the area, such as Porcelanosa, Pamesa Grupo Empresarial, and Keraben Grupo, alongside a broad network of auxiliary, logistics, and chemical companies. This concentration generates a constant flow of employment and economic activity, supporting stable, recurring residential demand in the provincial capital.
A balanced, long-term-oriented investment
Overall, the Ribelles Comín property represents a balanced opportunity within the Direct Investments universe: discounted entry, attractive recurring yield, controlled refurbishment, and a local market with solid fundamentals.
An investment designed for those seeking stable income, appreciation potential, and risk control, supported by a well-located residential asset in a city that combines stability, economic activity, and real estate upside.
Check all the details and register your interest in the Ribelles Comín property on our website.
