Valencia property: Townhouse in Castellón de la Plana – Income still coming from Germany
An architect from Baden-Württemberg and his wife, a teacher, were planning to move to Spain within the coming three years. Both wanted to continue their professional activity partly at first and then move permanently into retirement.
Why buy a townhouse in Castellón de la Plana instead of in a better-known coastal town?
Castellón de la Plana offers good infrastructure, short distances to the coast, a high quality of life and comparatively attractive property prices, and is still regarded as an insider tip among international buyers. For German-speaking buyers it is an interesting alternative to the better-known coastal regions.
The key figures: €472,000 price, €306,800 financing need
- Purchase price: 472,000 €
- Renovation: 31,400 €
- Financing required: 306,800 €
- Equity: 253,200 €
Anonymised case figure · not a binding statement for other projects · §34i GewO
Living in Castellón de la Plana: relaxed between the Mediterranean and nature
Castellón de la Plana is one of the cities in Spain that is still regarded as an insider tip among international buyers. The provincial capital combines good infrastructure with comparatively moderate property prices, short distances to the coast and a high recreational value. For German-speaking buyers who want to move their centre of life permanently to Spain, Castellón de la Plana offers an interesting alternative to the better-known coastal regions.
This practical case shows how acquiring a townhouse for owner-occupation can be implemented with durable financing.
Architect and teacher, moving in three years, town house with patio
They were looking for a townhouse with a patio, several bedrooms and enough room for two work areas. After a longer search they chose a well-kept property in an established residential district of Castellón de la Plana.
From a €472,000 price to a €560,000 total investment: Purchase price: 472,000 €; Additional costs: 56,600 €; Renovation: 31,400 €; Total investment: 560,000 €; Equity: 253,200 €; Financing required: 306,800 €.
Savings and a flat sale, a reserve kept for retirement: The equity came from long-term savings and the sale of an apartment. At the same time, the buyers deliberately wanted to keep financial reserves for later retirement.
Before moving in, the townhouse was to be modernised technically and adapted to the requirements of permanent living.
Kitchen, bath, wiring, windows and a quiet home office
The property was in good structural condition. The planned investments focused on living comfort and energy efficiency.
Provided for were a new kitchen, the modernisation of a bathroom, the renewal of the electrical sub-distribution, the replacement of several windows with more thermally efficient models and the fit-out of a quiet home office with custom-made shelving systems.
As all measures were planned in detail before the purchase contract was concluded, they could be fully included in the total investment.
A 65% loan, the monthly payment stays balanced
The financing was set at around 65 % of the purchase price. This kept part of the equity as a financial reserve, while at the same time achieving a balanced monthly burden.
Alongside the purchase price, all acquisition costs and all planned modernisation were included in the overall plan from the outset — covered from equity, not by the bank loan. Additional financing steps after the acquisition were therefore not required.
A modernised town house, financing predictable long term: Once the work was completed, a modern townhouse was created that offers the buyers optimal living conditions both during their remaining working years and in later retirement.
The financing remained calculable over the long term and left sufficient room for future personal plans.
Castellón: good locations at prices away from the coast
Cities like Castellón de la Plana often offer attractive residential locations at a price level that is barely found in other coastal regions any more. Anyone who takes the purchase price, additional costs and modernisation fully into account already at the acquisition creates a solid financial basis for the new start in Spain.
Townhouse in Castellón de la Plana: full planning for coastal life: Castellón de la Plana combines Mediterranean living with a relaxed atmosphere and very good infrastructure. An overall plan that budgets the purchase price, additional costs and all planned modernisation together from the start — the bank loan for the purchase price, additional costs and modernisation from equity — creates a reliable basis for a long-term centre of life on Spain's Mediterranean coast.
Similar cases by region and price band: Cases with a comparable region and price band — for context, not a promise of the same outcome.
Detached house in Vinaròs — case report: Anonymised case report: Detached house in Vinaròs – When the term has to end at 75. Mortgage financing for non-residents.
Frequently asked questions
Why is equity deliberately kept?
Many buyers want to preserve their financial flexibility and keep sufficient reserves for retirement or future investments.
Which properties are especially in demand in Castellón de la Plana?
Apartments, townhouses and detached houses in established residential areas are among the preferred properties for permanent owner-occupation.
Which modernisation work was planned for the townhouse in Castellón de la Plana?
Provided for were a new kitchen, the modernisation of a bathroom, the renewal of the electrical sub-distribution, the replacement of several windows with more thermally efficient models and the fit-out of a quiet home office. All measures were planned in detail before the purchase contract was concluded.
A similar situation in Spain? Let's talk.
Every financing in Spain is an individual case. In a free initial consultation we will tell you honestly what is feasible and which bank fits.
Anonymised individual case, not a binding statement for other projects · Brokerage under the §34i GewO licence held by Olga Nikushkina (D-W-132-ZUCB-95); Siegfried Perini registered as directly involved person (§11a GewO) · no tax or legal advice · no financing commitment; conditions depend on creditworthiness, loan-to-value and bank
Related pages
Practical case Mallorca: Charming finca near Santanyí
Modernisation planned in from the start
Practical case Mallorca: Family house in Alcúdia
When the sale of the previous property is part of the financing
Practical case Mallorca: Finca with guesthouse in Deià
Two generations realise their dream together
Bungalow in Alcossebre — case report
Anonymised case report: Bungalow in Alcossebre – A home without stairs, planned from the outset. Mortgage financing for non-residents.
Apartment in Gandia — case report
Anonymised case report: Apartment in Gandia – A bank loan instead of selling securities. Mortgage financing for non-residents.
Apartment in Peñíscola — case report
Anonymised case report: Apartment in Peñíscola – Moving in two years, buying now. Mortgage financing for non-residents.
Content by Siegfried Perini — local brand representative since 2019, active in real estate since 1992, entered in the German intermediary register (§ 11a GewO) as a person directly involved in brokerage and advice. Point of contact for German-speaking buyers in Spain and Portugal. Brokerage by Olga Nikushkina, mortgage credit intermediary under § 34i German Trade Regulation (GewO); in Portugal through a locally licensed intermediary.