Small Apartment for Sale in Portoferraio, Historic Center

Studio apartment for sale in Portoferraio, historic center. Ground-floor apartment in a larger building, with no condominium fees. Great investment opportunity. General Description Located in the heart of Portoferraio's historic center, this cozy studio apartment is for sale on the ground floor of a larger building. The apartment consists of a single open-plan space with a bathroom and ante-bathroom. Its strategic location in the heart of the town makes it perfect for those who want to live immersed in the city’s history or are looking for a tourist investment. With no condominium fees, this property offers low management costs. Interior Description The apartment is designed as an open-plan studio, offering a functional and well-organized space despite its size. The bathroom, with its ante-bathroom, provides a small service area separated from the main living space. The main room can be easily furnished to accommodate both the sleeping and living areas, making the environment welcoming and practical. Exterior Description The property is located on the ground floor of a historic building in the center of Portoferraio, characterized by charming alleys and squares that evoke the maritime tradition of the Island of Elba. The absence of condominium fees is a significant advantage, especially for those seeking a property with low management costs and no administrative complexities. Utilities The apartment is equipped with independent heating and all utilities are fully functional. As part of a historic building, the structure is well insulated, making it perfect for those looking for a ready-to-live-in or rental property. Uses and Potential This studio apartment is ideal as a primary residence for singles or couples or as a second home for those who want to spend their holidays on the Island of Elba. Its central location also makes it an excellent investment opportunity for tourist rentals, given the high demand for accommodations in the historic center of Portoferraio, one of the most visited places on the island. Local Real Estate Market The real estate market in Portoferraio, particularly in the historic center, is very dynamic and sought after due to its proximity to the marina, beaches, and main attractions of the Island of Elba. Apartments in central locations have average prices ranging between €3,000 and €4,500 per square meter, depending on the condition and location. The demand for tourist properties is growing, making this an excellent opportunity for those looking to invest in a high-return property. Tourist and Historical Information Portoferraio is one of the most important towns on the Island of Elba, known for its marina and historic fortifications, including Forte Falcone and Villa dei Mulini, which served as Napoleon Bonaparte's residence during his exile. The historic center of Portoferraio, with its narrow streets and sea-view squares, offers a unique and charming atmosphere rich in history and culture. The island’s most beautiful beaches, such as Le Ghiaie and Sansone, are easily accessible, making Portoferraio an ideal base for exploring the island. With its rich cultural and natural offerings, the town attracts tourists from all over the world, making properties in the historic center particularly sought after for vacation rentals. Distances Le Ghiaie Beach: 1 km Portoferraio Marina: 500 m Villa dei Mulini: 700 m Forte Falcone: 800 m Porto Azzurro: 12 km Capoliveri: 15 km Sansone Beach: 3 km Marina di Campo Airport: 14 km Piombino (ferries): 40 km Livorno: 90 km