MAE44

A four-bedroom apartment, fully booked in five days.

A four-bedroom apartment, fully booked in five days.

Four bedrooms in Cabanyal, a few minutes from the Mercader market and the metro. It was fully renovated and fully rented within five days of opening, at a monthly rent above our estimate.

EL CABANYAL

INVESTMENT

€341,572

RENTAL YIELD

7.5%

TIMELINE

11 months

ALL HANDLED BY WEVLC

From purchase to first rent.

Months from closing
Month 1
Month 2
Month 3
Month 4
Month 5
Month 6
Month 7
Month 8
Closing
Notary, transfer tax, registration
Month 1
Licences and renovation
Licences submitted, works run to completion
5 months
Decoration and furnishing
Full furnishing, ready to live in
Month 7
Photography and renting
Listing and renting the full apartment
Months 7–8

The story

The story

What we found

An apartment in Cabanyal, a neighbourhood where demand from young professionals keeps growing and good rental stock is hard to find. A poor layout with wasted square meters was where we saw we could truly add value in making four proper bedrooms and spacious common areas.. Not only that, the location was also a big reason behind the yes to this project, being so close to the market and the metro.

What we changed

We renovated the whole apartment and planned it around four private bedrooms and shared spaces that work for four people living together. Using materials that are made to last, designing around the natural light that is in the apartment as well. And finally, we furnished every room so it was ready to live in from day one.


How it is now

Four bedrooms, all rented. Our property manager signed the first booking before we had even photographed the finished apartment. The other three rooms were taken within five days of opening.

The apartment now brings in €2,275 a month, above the €2,200 we had estimated.

THE DESIGN

Floor plan and mood board

Floor plan and mood board

FLOOR PLAN

FLOOR PLAN

MOOD BOARD

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MATERIALS & FINISHES

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TAU CERÁMICA

Bathrooms

EQUIPECERAMICAS

Showers

STN CERÁMICA

Bathrooms

EQUIPECERAMICAS

Showers

THE FILM

Watch the full transformation

Watch the full transformation

THE TRANSFORMATION

Before and after

Before and after

BEFORE

AFTER

GALLERY

Inside the apartment

Inside the apartment

FROM THE INVESTOR

To this day, I have absolutely no regrets investing with weVLC. I can say with complete confidence: I recommend investing with weVLC.

Erik van Kruggie