We have renovated a series of historical buildings and period flats for various institutions and private investors. Here is a selection of flats that we have renovated in the city centre of Valencia for private investors showing the transformation they have suffered and detailing the renovation process and costs.

The locations where we have renovated flats are marked with a bold dot.
Please click twice on each dot to view the flat and get details of the renovation costs and process.

We have renovated a series of historical buildings and period flats for various institutions and private investors. Here is a selection of buildings that we have restored in the city centre of Valencia for private investors and institutions showing the transformation they have suffered and detailing renovation process and costs.

The locations where we have restored buildings are marked with a bold dot. Please click on each dot to view the building and get details of the renovation costs and process.

     View sample 1. Pascual y Genis ,12. 407.744 sq. ft.
     View sample 2. Building grade 2 in Avellanas Street, Valencia.

The average annual yield, also called the Internal Rate of Return (IRR) is a revealing indicator of real estate investment performance and it is widely used as an analytic tool to appraise the total return on an investment.

IRR is a universally recognized mathematical yardstick for determining yield from any investment, from a simple passbook bank account to a shopping mall. All our property investments are bought and sold on the basis of an IRR analysis which provides a reflection of our property management capabilities.

The most significant factors for the determination of yield on the equity investment are usually the duration of the holding period and the net reversion to equity.

IRRs can only be determined AFTER the property had been purchased, held, and then sold.

To see what each property has actually earned we compute the annualized return on capital. For this we take into account the acquisition costs (property price and costs of conveyancing), the financing costs (mortgage interest rates and banking costs), the renovation costs and the property management costs, and we deduct all these costs from the sale price of the property.

This gives us a net profit which is then annualized to give the average annual yield.

From our experience we have come to some remarkable conclusions that have geared our investment strategy for all future acquisitions. We have noticed that successful properties (those earning higher IRR) were those in which the cost per sq metre of the renovation was higher. There seems to be a close correlation between the quality of the renovation and the resulting IRR . Virtually all properties in which we injected surplus cash installing Italian design kitchens, high quality materials, top of the range sanitary appliances, chrome fittings in door handles, air conditioning and even numbered lithographs for decoration on the walls and furniture were sold quicker and at a comparatively much higher price per sq. metre that any of its counterparts in the same area (or even in the same building!).

So far we have bought and sold all our flats within a year, and the average annual yield for all flats bough and sold by us has been 28,8%. We believe this figure to be double the market average and we attribute this success to the following key factors:

1. Knowing the area, knowing where to buy and at what price.
2. Buying only in renovated buildings with plenty of light, high ceilings and centrally located.
3. Renovating efficiently to reduce labour costs.
4. Producing high quality renovations with designer interiors.
5. Selling quickly through efficient and elegant estate agents.