Apartment for sale in Moncofa, Castellón

Reference: 999248

The apartment is rented until August 2028 and generates monthly income.

A unique opportunity for investors and private buyers looking to purchase a property today with attractive medium-term returns. Located in Moncofa Playa, on the second line from the beach and just around 50 metres from the sea, this spacious 105 m² built apartment offers:

3 bedrooms
1 living room / dining room
1 separate kitchen
1 bathroom
1 covered terrace
1 entrance hall

The property is currently rented under an active lease agreement valid until 31 August 2028. The existing contract must be respected until it expires.

The current return is approximately 3.4% gross per year based on the purchase price. Once the contract ends, the future owner will be able to analyse the local rental market and decide on the strategy that best suits their objectives. There is significant potential for a future rent increase due to the launch of Volkswagen’s Power C gigafactory in Sagunto.

For Moncofa, located just 15 minutes by car from Parc Sagunt II, the “Volkswagen effect” of the gigafactory represents a genuine real estate revolution and a strong strategic repositioning. Moncofa is no longer primarily a tourist or second-home municipality; it has become a key residential hub for plant professionals.

The inability to find affordable housing in Sagunto has massively redirected demand northward. This has triggered an unprecedented price rally in Moncofa:

Moncófar Playa leads the increases, already reaching €2,254/m² and attracting people with greater purchasing power who are seeking coastal housing.

At a price of €1,190/m², this apartment is valued at almost 90% below the current market price; this property is the ideal opportunity to invest your money with a view to future returns.