SSadana

REPORT

Valuation report

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SSadana

Reference

VAL-1785173924841-EX02

Prepared by

Sadana Homes

This report is indicative and does not constitute an official appraisal or a binding offer.

Executive summary

Probable value

€282,535

Valuation range: €259,932€305,138

Adjusted price m²

€3,622/m²

Net rent /mo

€759

Net yield

3.2%

Zone classification

Premium zone

Asset summary

Location

Postal code41010
MunicipalitySevilla
ProvinceSevilla
Full addressAv. Eduardo Torroja 45
Neighbourhood / ZoneNervión

Physical characteristics

Built surface (m²)78 m²
Usable surface (m²)68 m²
Year of construction2005
Year of last renovation
State of conservationGood
Property typeFlat
Bedrooms2
Bathrooms1
Floor2
Lift
Parking
TerraceNo
Storage room
Energy certificateD
Main orientationEast

Valuation result

Conservative value

€259,932

Probable value

€282,535

Optimistic value

€305,138

valuation.valuationRange: €259,932€305,138
€259,932€282,535€305,138

Base price m²

€3,156/m²

Adjusted price m²

€3,622/m²

Combined adjustment

14.8%

Adjustment breakdown

Condition
+3.0%
Year
+3.0%
Renovation
Floor
+2.0%
Lift
Parking
+5.0%
Terrace
Certificate
+1.0%
Orientation
Type
Plot

Market analysis

Market context for postal code 41010

Market position

Valued property€3,622/m²
Postal code average€3,156/m²
Provincial average€1,483/m²
National average€1,958/m²

The property trades 14.8% above the CP 41010 average and 144.3% above the provincial average.

Area comparables

PCPrice m²Avg. priceAvg. surfaceTransactionsVs. property
41011€3,247/m²€422,484130.1265 10.4%
41003€2,949/m²€291,00398.7431 18.6%
41002€3,463/m²€328,75594.9255 4.4%
41018€3,552/m²€382,398107.7134 1.9%
41001€3,556/m²€460,874129.6177 1.8%

Provincial trend

Provincial price m²

€1,771/m²

Annual variation

+10.9%

Quarterly variation

+4.7%

Avg. monthly transactions (last 12 months)

2,263

Vs. national average-24.2%

The Sevilla market shows an average price of €1,771/m², an annual variation of 10.9% and an average of 2,263 monthly transactions over the last 12 months. This represents a 24.2% difference vs. the national average.

Source: College of Registrars (ERI) and INE.

Market activity

Transactions recorded

487

Average transaction size

82.9 m²

Average transaction price

€261,765

487 transactions recorded in CP 41010 — limited sample. Provincial activity reaches 22,694 transactions.

Appreciation trend

Zone classification

Premium zone

Estimated appreciation rate

4%

Base scenario at 5 years

€343,747

Optimistic scenario at 5 years

€384,996

Zona premium: precio por m² significativamente superior a la media provincial.

Profitability analysis

Gross rent /mo

€1,012

Net rent /mo

€759

Net rent /yr

€9,112

Net yield

3.2%

Gross yield

4.3%

Comparison to market

Within typical range (2-5%)

Yield vs. purchase price

0%Typical 2-5%10%

Methodology

The value is calculated using the comparative method: the average price per m² for the postal code is sourced from the College of Registrars (ERI) and complementary public sources, and adjusted multiplicatively by condition, age, floor, lift, parking, terrace, energy certificate, orientation and property type. The valuation range adds conservative and optimistic margins of 8%. The rent estimate starts from a 4.5% gross annual yield, adjusted by asset type and condition, then applies a 25% costs and vacancy allowance to obtain net rent.

Market data comes from Apimaster, Sadana's real estate intelligence platform, which integrates transaction data from the College of Registrars (ERI), sales volume from the INE and the House Price Index (IPV), to provide average prices, activity and trends by postal code, province and nationwide.

Limitations: the valuation is based on statistical averages and does not replace an expert appraisal. Factors such as specific condition, material quality, exact orientation, position within the building or the existence of charges or urban planning licences may affect the real value and are not always reflected in the model.

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