A 163m² Laureles three-bedroom near Segundo Parque with 5-meter wood ceilings and a furnished interior, at 4.17M COP per m². Design character at a Laureles-floor price.

The math has real headroom. Asking 4.17M COP per m² puts this 32 to 39% below the calibrated Laureles transaction band. A 200M COP renovation that preserves the 5-meter wood ceilings as the design statement (recommended) and modernizes the kitchen, bathrooms, and finishes targets an exit at 7 to 8M COP per m². Annualized IRR lands in the +21 to +43% range over a 12-month hold after 3% commission and 10% capital gains tax. Renovation budget should include 3 to 5M COP to dispose of the seller's furniture, which is throwaway despite the "amoblado" framing on the listing. Loses points because Laureles exit liquidity is thinner than Poblado and the wood-ceiling commitment constrains the resale buyer pool to design-conscious end-users — a flipper who closes them off can save renovation cost but loses the only feature that justifies a premium exit.