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1 bedroom apartment for sale in Perpignan, France
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1 bedroom apartment for sale in Perpignan, France

83 500€

Perpignan

Features

  • Étage : 2
  • 1 chambre
  • DPEN
  • 42 m² de surface habitable
  • 1 salle d'eau
  • GESN
  • 2 pièces
  • Chauffage électrique
  • Cuisine séparée équipée

Investment Breakdown

Gross Yield:

6.6%

Time to pay off with rent:

13.4 years

Price Difference:

-

Expected Rent:

520€/month

Property description

This attractive T2 rental apartment boasts a spacious living area of 42 m² and is housed within a remarkable 17th-century former presbytery. Its prime location, just 100 meters from Place de la République, ensures it has been continuously rented since 2010, thanks to the unbroken demand for rentals in this highly sought-after area. The apartment radiates character with its beautiful exposed wooden beams, soaring ceilings over 3 meters high, and robust hardwood flooring. This charming apartment features a dual aspect layout, offering views of the presbytery's historic colonnades and an unobstructed vista of the street. The property generates a notable net yield of 6.6%, with a gross monthly rent of €520 and manageable monthly charges of €25. The annual property tax is €778, complemented by €300 in annual condominium fees. This creates a net annual income of €5,465 for the owner, resulting in a monthly rental income of €455 after expenses. The layout includes a comfortable living room with an open kitchen, showcasing the apartment's characteristic wooden beams and hardwood floors, a separate toilet, and an independent mezzanine-style bedroom complete with a fitted dressing area and shower room. The building's management has undertaken numerous improvements, including façade renovations and communal area upgrades, ensuring the property remains well-maintained. With a total of 7 lots within the building, it is both secure and home to a mix of 4 owners and 3 tenants. This property presents a unique opportunity, enhanced by its historical charm and dynamic rental potential.

Location

Date added: 08.12.2024

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