Buy to let investment opportunity in Barcelona – Semi detached house in quiet residential area with an estimated rental yield up to 8% and an IRR up to 9%
This beautiful 3-story house was built in 1900 and is located in El Coll in the Gràcia district, the trendiest neighborhood of Barcelona. The house is located in a quiet and elevated area of Barcelona and has a view to the iconic Park Güell designed by Gaudi and to the sea from the roof top.
It was renovated in 2016 to be an accommodation for the multitude of Erasmus students in Barcelona, which makes it an excellent investment opportunity. According to the Spanish Ministry of Education there were 166,963 Erasmus students enrolled in 2017 and 37,755 were in Catalonia alone.
The spacious house has a total area of 402 m2 and currently consists of 10 bedrooms. 8 of them are furnished and decorated with care to give them a unique character, have en?suite bathroom and air-conditioning. The common area is located on the ground floor and consists of a kitchen with dishwasher, fridge and freezer, storage rooms, washing machine, dining room, living room and a garden to be used exclusively for the students and their invitees to enjoy the climate of Barcelona as well as a roof terrace with sea view and 3 balconies.
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