€329,000
60m² 2 bedroom
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In the Old Town, just opposite the park and next to all the transport links, this two bedroom apartment is on the fourth floor, with lift though there is a flight of stairs to get to it, and is south facing and sunny. It looks onto a charming old building and above you can see the tree-line and the waterfall of the castle hill. It is very quiet so a great retreat from the hustle and bustle of the Old Town. There is a large mezzanine area that can act as a third bedroom. It has been cleverly designed so that one of the bedrooms is actually a self-contained studio, with its own kitchen and bathroom, and the other half has two sleeping rooms and two bathrooms as well as a kitchen. This makes it a super rental property, and you can also rent each half to different students if you want to generate extra revenue that way. Good for either a holiday home or a money maker.
Click here to learn about Old Town
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Click here to learn about Old Town
Old Town
Nice's Old Town, or Vieux Nice, is the historic heart of Nice dating back to the 16th century. The colourful narrow winding streets are full of galleries, markets, and boutiques selling everything from clothes to local produce. As evening falls the cafes, bars and restaurants are abuzz with people enjoying themselves or simply watching the world walk by. It is little wonder that this area is the hottest rental spot.
Advantages for a holiday home
- Stay where you will spend most of your time
- Great prices and good capital appreciation
- Easy to let out when not in use
- Very low taxes and monthly charges
Disdvantages for a holiday home
- Crowded streets during the summer
Advantages for investors
- Right in the heart of all the bars and restaurants
- Five minutes walk from the beach
- Most desirable spot for tourists, gives best yield
Disdvantages for investors
- Busy and can be noisy, not to all tastes
- No lift can cut down potential rental clients