Last year, the French Riviera witnessed the highest property valuation in history – a staggering €350 million for a Cap Ferrat mansion. Thankfully it’s still possible to pay much less for beautiful Côte D'Azur homes like this one in Saint- Paul-de-Vence.
From Matisse to Minogue, Saint-Paul-de-Vence has been adored by celebrated artists and celebrity pop stars alike.This medieval fortress town perched above the Mediterranean sea really is quintessential South of France holiday material. Its renowned art galleries and cobbled streets – together with the occasional A-list sighting – are a mecca for tourists in search of idyllic vacances. 6 miles inland between Cannes and Nice, the town is surrounded by countryside, just 15 minutes’ drive from the Riviera’s famous beaches and legendary nightlife. The perfect pick and mix of tranquility, culture, sunshine and glamour, this is a lucrative place to own a property with holiday let potential.
In a peaceful setting just outside town, this Provençal Mas for sale features an open plan kitchen-living room, a wine cellar, roof terrace and swimming pool. A mix of local stone and glass has been used to renovate the main accomodation, making the most of the stunning natural environment and light quality that characterise the area. Flexible upstairs space offers 2-3 bedrooms overlooking the gardens, pool and sunbathing deck.
An additional 2 bedroom cottage, together with workshop, garage and plentiful parking spaces are the extra additions that make this property work hard as a holiday home for you and your paying guests. Our Winkworth France property experts keep a close eye on local holiday rental demand and – at time of writing – 88% of similar properties in Saint-Paul-de-Vence are already booked throughout August 2018 on the holiday rental website Homeaway.com. Why not take a look for an indicator of the rental income you could expect?
Winkworth International’s David King also says the new wealth tax - Impôt sur la fortune immoblière - is a fresh incentive to invest in the Cote D’azur in 2018. “The new tax exemption of financial assets that aren’t real estate related is a reason to look again at property in the South of France – somewhere you might have discounted as too costly to invest,” he explains.
From Nice to Saint Tropez, Winkworth International have sold property on the Cote D’Azur for long enough to know a sound investment. Simply get in touch to hear more about our featured property, or any of our beautiful homes in the South of France.