So who said Lake Como was expensive? Admittedly the villa above - Branson's Villa Casinella, may be, but there is still amazing value for money property to be found.
I recently had a client using my Lake Como Property Search services, with a maximum budget of €250,000 and a wish list including lake view, parking, central location, access to shops and bus & ferry links, as well as at least one bedroom! She had recently come across my article Why invest on Lake Como? and wanted to check it out for herself.
So, here is what I found (and yes she did buy one of them - see if you can guess which one), so now there are only 3 left for you to choose from.
Laglio - home of Villa Oleandra and George Clooney or is it David Beckham now or some Russian vodka tycoon with a name that no one can pronounce?
Asking price - €170,000
Great income from vacation rentals of up to €900 per week in high season. Truly panoramic 180 degree lake views.
Sala Comacina - popular for the stunning views and the only island on Lake Como - Isola Comacina and its restaurant Locanda del Isola. This tiny village of only 700 inhabitants has 4 of the best restaurants in the area - Locanda del Isola, Taverna Bleu, La Comacina, La Tirlindana (my personal favourite) and also a pizzeria at the Proloco.
Asking price €189,000
Great rental income potential of up to €800 per week as Sala is extremely popular. Put in a jacuzzi in the garden and the rental incomes will go even higher!
Colonno, located between Sala Comacina and Argegno.
Everything is brand new and used for only 1 season of rentals to date.
Asking price €225,000, but if you exclude the garage (and there is ample free parking on the street below), it comes down to only €200,000.
Rental income received (and receipts demonstrated) for 16 weeks rental between April and October 2009, totaling over €10,000 euro per apartment. With a new pool for this year, the income potential increases massively!
Argegno, in a small hamlet just above the village lies Muronico and the Montagna Sole development (the sunny mountain), so-called as it gets all day sun - from sunrise to sunset. A small exclusive development of 3 villas with private pools and 4 apartments with shared pool and perched on the edge of a steep slope and so affording massive panoramic view of the lake below.
Asking price €250,000
Massive rental potential because of the swimming pool - a rare commodity on Lake Como! - They are currently being rented for high season at €1650 euro per week! If you don't believe me check them out at Montagna Sole
SO the question is which one did she buy? Answers on a postcard please...............