Massarrojos, Plaça de el Soñador 5

Located in the serene village of Massarrojos, the property at Placa de El Soñador 5 presents a unique opportunity for redevelopment into a co-living space comprising 16 individual studios. The building, with a total area of 503 square meters, offers a spacious layout ideal for creating a modern, communal living environment. Notably, the building permit for this redevelopment has already been applied for and is expected to be granted this summer.

Development Details:

The estimated development costs range between €503,000 and €553,300, depending on the specifications of the project. Once completed, the property is anticipated to generate an annual rental income of approximately €147.600.

The village is well-connected to Valencia by public transport with the metro (5 minutes walking), allowing residents easy access to the city’s diverse amenities, including shopping, dining, and cultural attractions. Placa de El Soñador 5’s location within Massarrojos provides a perfect blend of peaceful living with the convenience of being close to urban life.

The town of Moncada, which is home to CEU Cardenal Herrera University (8 minutes cycling), a prestigious private institution that attracts students from across Spain and internationally. The proximity of this property to the university makes it particularly suitable for redevelopment into co-living spaces, appealing to students, faculty members, and young professionals who prefer to live close to the campus.

Moncada itself is a lively town with a welcoming atmosphere, offering a variety of local amenities such as shops, cafes, and recreational spaces. The area is well-served by public transport, providing easy connections to both the university and Valencia’s city center.

Overall, the property at Placa de El Soñador 5 is well-positioned for a redevelopment project that meets the growing demand for high-quality shared living spaces. 

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