Sestao · Bizkaia

Reformed two-loft investment in Sestao

  • Tenanted
€125,000 2,193 €/m²

57 m² fourth-floor apartment divided into two independent rented lofts, reformed in 2025. Current occupancy and stated approximate 9–10% profitability support an income-focused strategy.

Estimated monthly account

Rental income+€559/month
Mortgage 80% · 25 years · Euribor 2.95%−€472/month
Net cash flow +€87/month

Estimated up-front investment €31,875 · 20% deposit + 5.5% purchase costs includes 4.0% transfer tax in País Vasco; reduced rates may apply

On Inmoblia since 8 September 2026 · Published by Inmobiliaria Portugalete

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Type
Apartment
Built area
57 m²
Bedrooms
2
Bathrooms
2
Floor
4
Year built
1900
Condition
Good condition
Occupancy
Tenanted
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Balcony

The advert also mentions:

  • Two independent lofts
  • Private kitchen in each loft
  • Wood-structure building
  • Rear facade refurbished
  • Reinforced balconies
  • Whole-property renovation completed in 2025
  • PVC windows with double glazing
  • Renewed installations

Free text we could not normalise into a comparable attribute, so it does not score.

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

  • In good conditionNo renovation needed to put it on the rental market.

Against

No notable risks in the available data.

Municipal momentum

Where the local market is heading.

Housing transactions

MIVAU · deals per year

+22.9% interanual
430 20112015201820222025 185 · 2011185 · 2011113 · 2012113 · 201298 · 201398 · 2013130 · 2014130 · 2014177 · 2015177 · 2015199 · 2016199 · 2016264 · 2017264 · 2017248 · 2018248 · 2018300 · 2019300 · 2019316 · 2020316 · 2020398 · 2021398 · 2021323 · 2022323 · 2022333 · 2023333 · 2023350 · 2024350 · 2024430 · 2025430 · 2025

Investment guide for Sestao

Municipal demand

The structural depth of demand in the area.

18.6 yearsPrice / Rent (PER)
median 29.1 years years of rent to pay off the purchase · lower is cheaper relative to its rent
27%Unemployment rate (approx.)
median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)
+16.5‰Net migration
median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

+3.1% interanual
2,068 20192021202320242026 2,263 · 20192,263 · 20192,528 · 20202,528 · 20202,357 · 20212,357 · 20212,173 · 20222,173 · 20222,084 · 20232,084 · 20232,085 · 20242,085 · 20242,005 · 20252,005 · 20252,068 · 20262,068 · 2026

Registered population

INE · yearly population register

0.0% interanual
28,512 20112014201820222025 28,959 · 201128,959 · 201128,959 · 201128,959 · 201128,831 · 201228,831 · 201228,831 · 201228,831 · 201228,651 · 201328,651 · 201328,651 · 201328,651 · 201328,288 · 201428,288 · 201428,288 · 201428,288 · 201428,052 · 201528,052 · 201528,052 · 201528,052 · 201527,841 · 201627,841 · 201627,841 · 201627,841 · 201627,744 · 201727,744 · 201727,744 · 201727,744 · 201727,445 · 201827,445 · 201827,445 · 201827,445 · 201827,296 · 201927,296 · 201927,296 · 201927,296 · 201927,452 · 202027,452 · 202027,452 · 202027,452 · 202027,342 · 202127,342 · 202127,342 · 202127,342 · 202127,533 · 202227,533 · 202227,533 · 202227,533 · 202227,834 · 202327,834 · 202327,834 · 202327,834 · 202328,228 · 202428,228 · 202428,228 · 202428,228 · 202428,512 · 202528,512 · 202528,512 · 202528,512 · 2025

Net international migration

INE · immigration − emigration · yearly

−1.3% interanual
470 2021202220232024 151 · 2021151 · 2021446 · 2022446 · 2022476 · 2023476 · 2023470 · 2024470 · 2024

Recorded offences

Ministry of the Interior · cumulative

+78.9% interanual
3,330 202420252026 367 · 2024367 · 2024762 · 2024762 · 20241,118 · 20241,118 · 20241,486 · 20241,486 · 20241,861 · 20251,861 · 20252,240 · 20252,240 · 20252,588 · 20252,588 · 20252,969 · 20252,969 · 20253,330 · 20263,330 · 2026

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • Possession: that it is vacant, with no squatters and no tenants on a live contract.
  • If it is let, the current rent, the type of contract and its expiry date.
  • The real state of repair and services (possible hidden renovation work) and a valid energy certificate.
  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.