F1 Property - List of available property below
Valencia Property Hound specialises in sourcing F1 Property for our clients. The area we focus on is at the end of Avenida del Puerto, the area which has the most capital appreciation upside in the short to mid term and in the long term too should F1 stay in the city indefinitely as seems likely. As of the end of 2009 the average price per sqm in this area was €2,492 just 5% more expensive than the city average price of €2,373 and 29% cheaper than the city’s most expensive area L’Eixample at €3,337 per sqm.
Over the coming 10 years up to €10 billion is expected to be spent on urban renewal in the area with a mixture of parks, emblematic buildings and the running of the sea up to the city’s emblematic “City of the Sciences” development. The desire of the Valencia Town Hall and mayoress Ms. Rita Barbera is to open the city to the sea as historically the city has had its back to the sea with the port area mainly being used for solely commercial activities. The plan is to have leisure craft and floating restaurants navigating the river with bars and restaurants on the river banks thereby bringing an air of Paris to the city.
2007 saw the arrival of sailing’s Olympics the America’s Cup to the city which was an unprecedented success with a pre investment of more than half a billion Euros in the city’s new marina named after Spain’s much loved King : Juan Carlos 1st Marina. This marina is now the biggest marina in the Med having overtaken Monaco. The event returned this year to a great reception from the Valencian people and will hopefully grace the Valencian shoreline with its presence in the not to distant future.
For those wishing to maximize their capital gain, old style apartments to be totally renovated are the properties to go for. While there are a number of these properties in the Camins al Grau area they are very much in the minority which further adds to their attractiveness. Starting prices for these properties are in the region of €150,000. Renovated old style properties without lifts can be bought for around €150,000 which is very good value for money. Old style properties are the ones most sought after re short term rentals. We offer full Valencia Property Renovation Services to our clients.
The crème de la crème is to be found on a street called Dr. J. J. Domine which directly overlooks both the marina and the F1 circuit. While the buildings are not old style they are nevertheless in a truly “prime location” as this block of property is the only one to directly overlook both the F1 circuit and the America’s Cup marina. These properties were built around 40 years ago by the Valencian Port Authorities and today are made up of a mixture of residential and offices roughly split 50:50. Apartments to be totally renovated with one balcony can be bought for around €200,000 while renovated properties with 2 balconies can be bought for in the region of €400 K.
.In time this location and these properties could well become the city’s most sought after properties, bar none.
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