Flat for sale in Cabanyal-Canyamelar, Valencia city, Valencia

This is an investment opportunity in the heart of Cabanyal, just 200 meters from the beach. Property with 282.57 m² built and great potential for a high-yield coliving project.

The proposal includes a medium-to-functional comprehensive renovation with a reconfiguration into 10 individual rooms, spacious shared areas, a fully renovated kitchen, 3 full bathrooms, comprehensive electrical and plumbing renewal, new floors, lighting, air conditioning, and complete adaptation for modern coliving operations.

Planned layout:
• Main floor: 7 rooms, a shared kitchen, living-dining room, and 2 full bathrooms.
• Upper floor: 3 additional rooms, a large full bathroom, and access to a private terrace.

Estimated renovation cost:
Between €110,000 and €145,000, including partition walls, insulation, carpentry, kitchen, bathrooms, electrical installations, air conditioning, painting, and general finishing works.

Profitability potential:
• Conservative scenario: estimated income of approximately €90,000/year.
• Optimized scenario: estimated income between €102,000 and €114,000/year.

Strategic location in one of the areas with the highest growth in Valencia, ideal for medium-stay rentals, digital nomads, international students, and displaced professionals.

The location of this home is excellent and privileged, in the best area of Cabanyal, close to its famous market, near the Marina de Valencia and the Playa de la Malvarrosa.

The Barrio del Cabañal, the old fishing district of the City of Valencia, and currently an area with a unique, different lifestyle compared to the rest of the City; in high demand in recent years by tourism, students, and foreigners who want to live and enjoy the sea nearby in a special, different setting. It has a postmodern, cosmopolitan, Mediterranean atmosphere; in Cabanyal there are barracas, fishermen’s cottages, tile façades, colorful buildings, and modernist structures.

The layout of its urban planning is responsible for a social climate and a very authentic lifestyle, almost extinct in large metropolises. Its famous Market, its brightness, the very nearby sea breeze, leisure, its restoration, its atmosphere, its beaches, the promenade, nightlife, the Marina de Valencia, and the Port are excellent reasons to live in this area or enjoy a vacation in a place with Mediterranean flavor. In addition, it offers the advantage of having all services and transport that will take you anywhere in the city in just a few minutes.