1 bedroom apartment in Granada, Granada, Spain

Gorgeous 2-bedroom apartment in the very heart of Granada, Granada, Spain. Estimated Rental Income: - The apartment has a rent-controlled price of 700€ per month. - The market rent for a similar apartment in the area is around 900€-1,000 per month. - The rental yield is around 4.6%, making it an excellent investment opportunity in the real estate market. - Considering the location is in the-centre with superb access to public transportation, shops, restaurants, and nightlife, this flat would easily appeal to a local tenant. - Due to the recent constriction, all contemporary finishes are preserved and well organized; each space exudes both form and functionality seamlessly. As an homeowner or investor, the advantages of this property are: 1. Excellent rental income potential: + The rent price is competitively set, thus attracting a high-quality tenant pool. + The location and condition of the apartment ensure occupants will fully utilize the property, providing stable annual income. 2. Low vacancy period risk: + Situated in the city center with excellent public transportation connections and close proximity to local amenities ensures consistent demand. + Having unrestricted access to recent construction means that all modern amenities can be fully utilized. 3. Appreciation potential: + Buildings in prime locations, especially ones with low vacancy rates, tend to increase in market value over time. + Nearby infrastructure or zoning changes could result in enhanced property value. 4. Flexibility: + The property's short-term rental agreement flexibility caters well to tenants seeking temporary or seasonal arrangements. + The apartment's design and layout accommodate small families, professionals, international students, and tourists alike. 5. Prime location: + The neighborhood offers easy accessibility and a rich environment for socializing, entertainment, and leisure activities. + Proximity to essential services such as supermarkets, restaurants, cafes, and other shops makes daily life convenient. However, there are some constraints to consider: 1. Restricted to short-term lets. + This might limit the target market to students, professionals looking for short-term accommodations. + Long-term leases are not allowed due to the building's zoning restrictions. 2. No animals are permitted. + This can exclude some potential tenants who own pets. 3. Possibility of high agency fees + Alvió charges extra for property management services which may seem steep for some landlords. In summary, the property is well-designed, well-located, and priced affordably with the potential for strong rental income. It is suitable for informed buyers seeking an investment opportunity or cosy lifestyle purchase for a 2-person household looking for a temporary or short-term let due to migration work, studies, or leisure. However, due to the limited flexibility for long-term tenancy and pet restrictions, it may not be appropriate for all types of tenants or investors seeking traditional long-term rentals.