Active ID: 110583632 Carolinas Bajas

Detached house for sale in Calle Jazmín

3 Bed • 2 Bath • 384 m² • Floor 3

€490,000

AI Analyst
Coliving

"Large, recently renovated 3-floor detached house in Carolinas Bajas with significant development potential, offering terraces and flexible living spaces in a well-connected urban location. Potential for value creation via redevelopment or multi-unit conversion."

Negotiation Leverage Balanced
Value Add Explore redevelopment into multi-unit or 5-story building; minor interior upgrades for higher rental yield.
Pros
  • Significant buildable potential (up to 5 stories) in a central area
  • Recent full renovation (2007) reduces immediate capex needs
  • Large terraces and flexible layout suitable for coliving or multi-family use
Cons
  • Current rental yield is low relative to asking price
  • No elevator and interior orientation may limit appeal for some tenants
  • Development potential subject to planning permissions and additional capital investment
Description

House for sale with 3 floors on a quiet one-way street. The house has a ground floor with an entrance hall, living room, 2 bedrooms, kitchen, pantry, bathroom, and patio. The first floor has 3 bedrooms and a full bathroom with a terrace and two storage rooms. The second floor has a play and exercise area with a very large terrace perfect for barbecues and sunbathing. The house was completely renovated in 2007. The property can be used to build a 5-story building in a very good area with bus stops, tram, shops, pharmacies, schools, and cafes.

Features
Terrace/Balcony
Air Conditioning
Fitted Wardrobes
Investment Summary
Purchase Price €490,000
Taxes (ITP 10%) + €49,000
Notary Fees + €4,116
Registry Fees + €1,568
Gestoría Fees + €1,470
Valuation + Other + €339

Total Investment €546,493
Est. Monthly Rent €1,470/mo
Est. Annual Rent €17,640/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
21
First seen
2026-02-10
View on Idealista