Townhouse for sale in Gandia, Valencia

Located in the Corea neighborhood, one of the best and most consolidated in the city, this property stands out for its excellent location and high urbanistic potential, perfect for either a large residence or a new construction development.

Currently, there is a very spacious ground floor house with two dining rooms. The front dining room, with a simple plasterboard wall, could be turned into an additional room, easily increasing the number of bedrooms.

The house has three bedrooms, a full bathroom, a separate kitchen, and a large main dining room, with a comfortable and very usable layout.

Above the main house is a terrace, providing valuable private outdoor space.

One of the main attractions is its patio of over 60 m², an exceptional space in this area, ideal for outdoor enjoyment or for future reconfigurations.

At the rear, there are two independent warehouses, each with two floors and its own roof, offering different options: keep them, renovate them, or demolish them to integrate them into a new development. In a new construction plan, these spaces could allow for the creation of two separate commercial premises for later sale.

The house requires renovation but offers a solid foundation and multiple possibilities to adapt it to the buyer's needs.

As a second option, the property allows for the complete demolition of the main building and the construction of a new building, maintaining the option of two commercial premises on the ground floor and four floors of residences, with two apartments per floor and an elevator.

Each residence, of approximately 85 m², would have an estimated sale price of 150,000 €, resulting in 1,200,000 € in housing sales. The two commercial premises could be sold for approximately 120,000 € each, reaching an estimated total income of 1,440,000 €.

The construction cost is estimated at around 1,000 €/m², with an approximate cost of 800,000 €, plus demolition, elevator, project, permits, and technical expenses, estimated at around 150,000 €.

With the current property price of 250,000 €, the total approximate cost of the operation would be 950,000 €, generating an estimated gross profit of about 490,000 €, before taxes.

A property with many possibilities in one of the most sought-after areas of the city, perfect for developers or buyers looking to create value in a prime location.