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It’s the very definition of a first-world drawback: in the event you had £3.5m spare, would you splash the money on a château in Provence or an condo in London? We’ll allow you to determine…
The Provençal château: Château de la Roque, Luberon
A restored Eleventh-century château constructed into the rock — therefore its identify — within the coveted Golden Triangle of Provence, famed for pale rosé wine corresponding to Whispering Angel.
It’s obtained 5 bedrooms and the identical variety of bogs, a swimming pool, a landscaped backyard, personal vineyards and a stone terrace with an out of doors kitchen for lengthy, boozy lunches. Views for days helps, too.
Handout
Typical Provençal supplies and elegance run all through the property, from the grand stone exterior to the tiled, wooden and painted inside, which features a central residing and eating house with grand fire, a fully-equipped kitchen with chef-style oven, an orangery and a separate wing for visiting visitors (of which you’ll have many), amongst many different areas.
Handout
Whereas the renovation means there aren’t rapid prices for a possible purchaser – until, in fact, the décor isn’t to 1’s style – there’s an unfinished outbuilding that will require some money in the event you wished to transform it, maybe for visitors or caretakers?
“Maintenance sits at round €30,000 per yr, together with gardeners and pool upkeep, however excluding concierge workers,” explains Simon Richards, founding father of Provence Holidays, with which the property is listed.
“However homeowners may count on an estimated revenue of round €185k every year by our firm, relying on the variety of weeks that it is accessible for hire, in fact.”
Simon explains that it’s doubtless the property might be bought as an funding in French market, whereas those that loved luxurious resorts previous to Covid at the moment are extra more likely to search for high-quality properties with five-star providers wherein to remain.
The Maida Vale condo: Sutherland Avenue, Little Venice
In stark distinction to our château, fairly actually, is that this slick and complex duplex flat in Little Venice, arguably probably the most covetable location in Maida Vale with its cafés, eating places, outlets and, in fact, canal.
Two flooring and 4 bedrooms within the coronary heart of north London make this fairly the catch, whereas a personal backyard with its personal BBQ station wraps up a fascinating little bundle for well-heeled urbanites.
Equipped
A interval conversion, ‘flat’ doesn’t actually do that property justice, authentic options corresponding to cornicing and ceiling roses having been sympathetically included right into a meticulous refurbishment.
Highlights within the high-ceilinged, white-washed surprise embrace an open kitchen put in with cheffy Miele home equipment, an infinite residing and eating space with two fashionable fireplaces and bay window, a research, an en-suite principal bed room and three bogs.
In addition to having your personal inexperienced house, potential consumers can even be capable of entry the communal backyard.
Equipped
In line with Steve Kadi, affiliate director of gross sales at Hamptons in Maida Vale, which has listed the property, Sutherland Avenue is most probably to be bought to knowledgeable couple or household drawn by the placement and privilege of being in London, in addition to the potential uplift in worth within the coming years.
He estimates repairs prices to be round £6,499 per yr, whereas these renting it out may count on to obtain roughly £9,500 per thirty days.
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