Engel & Völkers
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Opportunity for investors - Santa Eulalia

€160,000
  • 1 Rooms
  • 1 Bedrooms
  • 1 Bathrooms
  • ~41 m² Total surface
  • ~50 m² Plot surface

Description

This property represents a solid investment opportunity in one of the most established areas of L'Hospitalet de Llobregat. It is currently rented to a long-term tenant, with a current rent of €600 per month, ensuring recurring income from day one. The gross return is around 4.5% to 5%+, with a moderate risk profile thanks to the stability of the lease. The property is a ground floor apartment of 41 m², with a functional and well-utilized layout. It has three rooms, an independent kitchen, a full bathroom, and a comfortable living-dining area for daily use. The dimensions are optimized to maximize functionality, making it especially suitable as a residential investment product. The property is located in a traditional building, integrated within the urban fabric of the neighborhood, with direct access from the street. Its typology allows for easy maintenance and contained management costs, a factor especially valued by investors seeking efficiency in the medium and long term. One of the main assets of the property is the continuity of the lease, with a tenant who knows the property and its surroundings and has consolidated the use of the property as a habitual residence. This stability reduces turnover and vacancy periods, providing predictability to cash flows. The general condition of the property is consistent with its current use and age. It offers room for improvement in the future, whether through gradual updating or a more thorough renovation when a lease cycle change occurs, thereby allowing the asset to be revalued and the rent to be adjusted to the market conditions at the time. Overall, it is a property designed for an investor who prioritizes immediate income, stability, and potential for revaluation, in a location with sustained demand and good connectivity.
Features
Air-conditioningPatio
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Engel & Völkers Barcelona MMC

Your advisor: Charles Allwood

Property ID: W-047BTC

Property details
  • Object type

    Flat

  • Condition

    Needs renovation

  • Rooms

    1

  • Bedrooms

    1

  • Bathrooms

    1

  • Number of Floors

    1

  • Total surface

    ~41 m²

  • Plot surface

    ~50 m²

Energy efficiency information
  • Construction year

    1927

  • Energy certificate available

    In progress

Location: L'Hospitalet de Llobregat, Catalonia

General Prim Street is located in the Santa Eulàlia neighborhood, one of the most established and dynamic areas of L'Hospitalet de Llobregat. It is a predominantly residential area, with a strong neighborhood identity and a constant demand for both purchase and rental housing. The area stands out for its excellent connectivity with Barcelona, thanks to the proximity to metro stations, buses, and main access roads. In just a few minutes, you can reach the center of Barcelona, making Santa Eulàlia a very attractive alternative for residents who work in the capital but are looking for more competitive prices. The neighborhood has a wide range of local shops, markets, healthcare services, educational centers, and sports facilities. This comprehensive infrastructure facilitates a comfortable daily life and enhances the area's appeal for stable, long-term rental profiles. Santa Eulàlia is also an area with constant urban development, where the progressive renovation of the real estate park coexists with traditional buildings. This combination creates opportunities for medium-term revaluation, especially for investors betting on mature areas with potential. The proximity to commercial hubs, green spaces, and cultural areas of L'Hospitalet helps maintain a sustained rental demand. Additionally, its strategic location within the metropolitan area guarantees a broad and diverse base of potential tenants. In short, General Prim and the Santa Eulàlia neighborhood offer an optimal balance between stability, demand, and potential, establishing themselves as a particularly interesting location for residential investment with a heritage vocation.

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