2 bedrooms apartment for sale in Var (83), France

From a buyer's perspective, this property presents a unique opportunity for real estate investment in Draguignan, France. The small building, comprising four apartments, offers potential for significant renovation and future rental income. At a price of €169,000, the property offers good value in comparison to the surrounding real estate market. With seven lots in total, including a large 70m garage and ample parking, this property offers versatility in terms of use and investments. As a lifestyle purchase, the property is well-located in the center of Draguignan, providing easy access to local amenities and public transportation. The building's proximity to free parking and the 70m garage add convenience for residents and potential renters. The property's larger units could attract families or groups of professionals looking for a comfortable and well-located residence. In terms of real estate investment, the property offers a strong potential for renovation and rental income. With five apartments in need of renovation, this represents a considerable amount of work and potential expenses. However, upon completion, the property could provide substantial rental income, estimated at between €2,000 to €2,300 per month. This, combined with the property's central location, makes it a promising investment opportunity. The property's requirements for works, DPE, and annual charges are significant. However, buyers with a keen eye for potential and the willingness to undertake renovation work may find this property a worthwhile investment. While there are risks associated with buying and renovating a property, the potential rewards in terms of rental income and re-sale value may outweigh these risks over time.