The increase in the demand to buy flats in central districts of the big cities, has pushed for the idea of investing in renovation flats in Barcelona.
The advantages of investing in renovation flats
• Older flats are usually located in the centre of cities, where the prices are higher.
• As these types of properties require extra funds for their renovation, the number of applicants tends to be low just like the prices. Once they are fully renovated, the increase in their value will be greater than the initial investment prior to the renovation.
• These flats can be renovated according to the design you want. Once the main structural walls are found, the remaining partitions can be torn down and the design can be started from scratch.
• The purchase price can be negotiated based on the renovation that will need to be carried out.
Examples of investment flats that require renovation by Engel & Völkers Barcelona
Apartment to renovate next to the Sagrada Familia
A renovation property with four bedrooms, a bathroom and an extension of 93 sqm. The building was constructed in 1931 and has four bedrooms, a bathroom, an integrated kitchen and a balcony.
It is located in one of the best areas, next to Barcelona's Sagrada Familia. Because of its characteristics, location and the room layout possibilities that the apartment offers, it is a perfect option to create a flat with a personalised design. And all this in the best area of Eixample in Barcelona, with all kinds of amenities and shops.
Renovation flat with storage space in Baix Guinardó
A flat with three bedrooms and a bathroom on 77 square metres of living space. The property consists of a double bedroom and two single bedrooms, a bathroom, patio, and storage space that can be used as a store room.
The flooring is parquet and the windows have been reinforced with aluminum bars. This south facing property has a lift and benefits from being in the vicinity of shops that are just 50 metres away.
A property to renovate in Turó Parc
This is an apartment with five bedrooms and three bathrooms, on a living area of approximately 211 sqm. The property has lift, fireplace, terrace, air conditioning and integrated kitchen. It is a type of flat that can be customised according to the wishes of its new owner.
It is composed of a spacious living room, divided into three main rooms. A parking space completes this offer that combines elegance, comfort and functionality.
An elegant apartment with terrace to renovate
This flat is located in Sant Gervasi and has five bedrooms and three bathrooms, on a living space of approximately 235 sqm.
It is a bright and airy property with spacious rooms.