Income Property In Elvas · 10 Rooms + Garage · E

Three-storey property within the walls of Elvas (UNESCO World Heritage Site), 330 m from the Elvas School of Biosciences (ESBE). Single dwelling, furnished and equipped, set up for room rentals.

7 ROOMS WITH SHARED AREAS
- Own entrance
- 7 rooms
- Large living and dining room
- Kitchen
- 4 bathrooms
- Storage
- Outdoor area with barbecue

2 ROOMS WITH PRIVATE AREAS · TOP FLOOR
- 2 rooms
- Private bathroom, fully renovated
- Private open-plan living room and kitchen
- Private balcony

1 ROOM WITH PRIVATE AREAS · FULLY RENOVATED
- 1 room
- Private bathroom
- Private living room
- Private kitchen

COMMON AREAS AND GARAGE
- Courtyard shared by the whole property
- Enclosed garage for 2 tcars

CURRENT INCOME (LONG-TERM RENTAL)
- 7 rooms: €280 to €330/month each
- 2 rooms with private areas: €600 to €650/month
- 1 room with private areas: €450/month
- Annual income: €36,120 to €40,920
- Gross yield: 6.9% to 7.9%

HOLIDAY RENTAL SCENARIO (ESTIMATE)
- Estimated increase of 20% to 30% over current income
- Estimated annual income: €43,344 to €53,196
- Estimated gross yield: 8.3% to 10.2%
- Subject to municipal holiday rental (AL) rules and licensing

LEGAL INFORMATION
- Exempt from IMI (Portuguese municipal property tax) - listed building
- Residential occupancy permit
- Sale includes horizontal-property fractions B (dwelling) and C (garage)

AREAS
- 485 m² gross | 319.69 m² net
- Garage: 35 m²

ENERGY EFFICIENCY
Energy rating E (2019 certificate). Subsequently installed:
- Kömmerling Eurofutur tilt-and-turn PVC windows (Class A+)
- Vaillant aroSTOR VWL BM 270 heat pump for domestic hot water (Class A+)
- Ariston Velis water heater (Class B)

LOCATION
- ESBE: 330 m (4-minute walk)
- Praça da República: 200 m
- Caia border crossing (Spain): 8 km
- Évora: 86 km | Lisbon: 210 km (A6)

CONTACT
Tiago Grave | Real Estate Consultant · KW Believe
+ (phone hidden) · (email hidden)
Energy Rating: E
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