{"id":80356,"date":"2026-01-30T15:14:53","date_gmt":"2026-01-30T14:14:53","guid":{"rendered":"https:\/\/blog.urbanitae.com\/?p=80356"},"modified":"2026-01-30T16:07:59","modified_gmt":"2026-01-30T15:07:59","slug":"new-property-rental-home-in-castellon-with-a-5-net-yield","status":"publish","type":"post","link":"https:\/\/blog.urbanitae.com\/en\/2026\/01\/30\/new-property-rental-home-in-castellon-with-a-5-net-yield\/","title":{"rendered":"New property! Rental home in Castell\u00f3n with a 5% net yield"},"content":{"rendered":"\n

At Urbanitae, we present a new Direct Investments opportunity in the city of Castell\u00f3n de la Plana<\/a>: 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.<\/p>\n\n\n\n

The Ribelles Com\u00edn<\/a> property is acquired with an approximate 10% discount<\/strong> compared to comparable homes, allowing you to enter the asset with an immediate value cushion. With a purchase price of \u20ac129,000 and an estimated total investment of \u20ac169,826<\/strong>, this deal offers an expected 5% net yield<\/strong> from the moment it is rented out, in line with some of the most attractive average returns in Spain\u2019s residential market across well-established provincial capitals.<\/p>\n\n\n\n

An asset to rent\u2026 or exit in the medium term<\/h2>\n\n\n\n

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.<\/p>\n\n\n\n

Over a seven-year horizon<\/strong>, the financial analysis projects an IRR above 15%<\/strong>, driven by the combination of recurring rental<\/a> income and an estimated capital gain above the area\u2019s average. All of this under a prudent approach, with conservative assumptions and rigorous risk control.<\/p>\n\n\n\n

Asset features<\/h2>\n\n\n\n

The home has 91 m\u00b2 built area<\/strong>, distributed into three bedrooms, a living-dining room, a separate kitchen, and one bathroom<\/strong>. It is located on the first floor with an elevator<\/strong>, a key factor to broaden the range of potential tenants and improve the asset\u2019s future liquidity.<\/p>\n\n\n\n

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<\/strong>, reinforcing asset quality and reducing operational risk.<\/p>\n\n\n\n

Non-structural refurbishment with a prudent approach<\/h3>\n\n\n\n

The deal includes a non-structural refurbishment<\/strong>, aimed at updating the home and aligning it with current market standards in Castell\u00f3n. No changes to the layout or the building structure are required, which helps contain costs, reduce timelines, and improve visibility on the final return<\/strong>.<\/p>\n\n\n\n

The refurbishment budget has been set under a prudent scenario, prioritizing risk control and optimizing the cost\u2013value trade-off\u2014one of the pillars of Direct Investments deals.<\/p>\n\n\n\n

Why invest in Castell\u00f3n?<\/h2>\n\n\n\n

Castell\u00f3n de la Plana\u2019s real estate market<\/a> shows positive, sustained momentum, supported by improvements to the urban environment and a limited supply of well-located housing.<\/p>\n\n\n\n