€253,000

41m² 1 bedroom
This one bedroom apartment is in a rare handful of apartments in the Old Town with a terrace. It is a good size, in a highly sought-after residence "La Providence", and in a great location next to Place Garibaldi and the new tram stop. However, though in good condition it has not been updated since the building was completed 20 years ago, so things like appliances look dated. It really needs renovating to fulfill its potential. The main advantage is that is has a large garden/terrace which could be turned into something fantastic. The main disadvantage is that it is north facing meaning it does not get direct sunlight.
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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
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