Period Villa Overlooking the City near Carol Park
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- Usable Internal Surface (sqm): 355
- Bedrooms: 3
- Kitchen: Closed
- Outdoor area: No
- Security: No
- Bathrooms: 2
- Reserved parking: Yes
PROPERTY DESCRIPTION: This stand-alone villa of 355 usable square meters (100 meter footprint) requires renovation, but the owners retained the original oak floors, oak staircase, crystal-pane doors, windows and other architectural features. The house is unique in sitting on the tallest hill in the city and enjoys terracotta roof views from the West. The house also has a sizable garden and court (240 meters of free space in all). Considering the home size, location, free land, intelligent design and character of the villa, we feel that a price of 350,000 euros (+200,000 euros renovation) represents a DECENT price based on the anticipated rental ROI and the probable appreciation of the property which should be ahead of the market because of its specialness and approachable price today.
NEIGHBORHOOD: Located up the hill from Carol Park, on the highest ground in the city, the house is a three minute walk to this wonderful historical park. House is located on a quiet closed street in a residential neighborhood with similar villas and a grand old hotel at the end of the lane. There is also a cobble-stone stair and a semi-private path leading from the street down the hill directly to the park (300 meters). The park offers duck filled ponds, ancient linden tree paths, historical statues and sculpture, cafes and playgrounds for children. Just big enough for a decent jog.
TECHNICAL DATA:
- Usable internal space: 355 square meters (200 on ground and first floors, 100 in attic and 55 in the basement)
- Kitchen: closed (large)
- Bedrooms: 3
- Bathrooms: 2 full / 2 service
- Outdoor Area (garden / terrace): Yes garden 240sqm
- Law 112 Issues: No
- Year Built: 1918
- Number of Stories: Basement, Ground, First and Mansard
- Parking: Parking court for three cars
- Needs Renovation for Expat Standard: Yes (we believe roughly 100k on cosmetics / 100k if structural required)
- Anticipated annual rental value (once renovated to an expat standard): 36,000 euro / year representing a DECENT 6.5 % return
PROPERTY DESCRIPTION: This stand-alone villa of 355 usable square meters (100 meter footprint) requires renovation, but the owners retained the original oak floors, oak staircase, crystal-pane doors, windows and other architectural features. The house is unique in sitting on the tallest hill in the city and enjoys terracotta roof views from the West. The house also has a sizable garden and court (240 meters of free space in all). Considering the home size, location, free land, intelligent design and character of the villa, we feel that a price of 350,000 euros (+200,000 euros renovation) represents a DECENT price based on the anticipated rental ROI and the probable appreciation of the property which should be ahead of the market because of its specialness and approachable price today.
NEIGHBORHOOD: Located up the hill from Carol Park, on the highest ground in the city, the house is a three minute walk to this wonderful historical park. House is located on a quiet closed street in a residential neighborhood with similar villas and a grand old hotel at the end of the lane. There is also a cobble-stone stair and a semi-private path leading from the street down the hill directly to the park (300 meters). The park offers duck filled ponds, ancient linden tree paths, historical statues and sculpture, cafes and playgrounds for children. Just big enough for a decent jog.
TECHNICAL DATA:
- Usable internal space: 355 square meters (200 on ground and first floors, 100 in attic and 55 in the basement)
- Kitchen: closed (large)
- Bedrooms: 3
- Bathrooms: 2 full / 2 service
- Outdoor Area (garden / terrace): Yes garden 240sqm
- Law 112 Issues: No
- Year Built: 1918
- Number of Stories: Basement, Ground, First and Mansard
- Parking: Parking court for three cars
- Needs Renovation for Expat Standard: Yes (we believe roughly 100k on cosmetics / 100k if structural required)
- Anticipated annual rental value (once renovated to an expat standard): 36,000 euro / year representing a DECENT 6.5 % return