Renovation in centre Montpellier! E125000 house!

Herault 34, Languedoc-Roussillon

€125,000

Agency Fees Included? Yes

Property details

Ref:

A1YVARTFIG20042009

Property type:

House

Location:

Located in the centre of Montpellier, Herault

Region:

Languedoc-Roussillon

Département:

Herault 34

Habitable Space:

100 m²

Summary

Lovely tradiotionnal village house in the centre of Montpellier, in the up and coming area of Figuerolles.

Property description

Figuerolles is a really sought after developping area. Peaple enjoy its everyday community life with fruit and vegg market, restaurants, bars, art galery, ect...And not to forget the Tramway line 3, due for 2012 and going towrds the beach in 10 mn.

The house is on 2 levels of about 50 sqm each. The main entrance and garage is facing north while the upstairs living room is facing south.

This house is a very rare opporuntiy in Montpellier urban environment as it has a garage and a large terrace.

Very similar in style to the village house you would find in the Herault Languedoc region, it is 10mn walk from the historical pedestrian centre.

The property is on sale for aprox. E1200/sqm while renovated property sell from E2000 to 2700E depending on quality and size (the smaller the more expensive sqm)

Renovation only inside : Good roof, beam, nice façade, GOOD QUALITY BUILDING!

Preliminary quote from expert builders, specialist in luxury conversion, for total renovation of about E50000, or E500/sqm.

Multiple scenario possible :

- Rental value for a 2 bedroom renovated house with garage and terrace : E850/mth net

- Resell value of about E220000 (80 sqm living space at E2700/sqm justified by renovation + location + garage + terrace.