A fully refurbished studio, ready to let.
Rue du Faubourg Boutonnet in Montpellier, a stone's throw from the Albert 1er tram stop. Sourced, renovated, furnished and let by Covesta, run under the LMNP regime (non-professional furnished letting) with a 9% gross yield.
20 m² studio, renovated and furnished, run under the LMNP regime
9%
Gross yield
€580
Monthly rent incl. charges
D → C
Energy rating upgrade
20 m²
Furnished studio
From €75,000 to €105,000: a complete operation, from search to rental income
On Rue du Faubourg Boutonnet, this 20 m² studio enjoys a sought-after location in one of Montpellier's most dynamic student and working neighbourhoods. Less than a five-minute walk from the Albert 1er tram stop, it offers a direct link to the Faculty of Medicine, the city centre and Saint-Roch station, a location that guarantees sustained rental demand all year round.
Covesta coordinated the complete renovation of the property with vetted contractors: painting, electrics, flooring, optimisation of the space and installation of a functional kitchenette. The studio was fully furnished with quality materials and furniture, in a warm contemporary style. The thermal renovation took the energy rating (DPE) from D to C, for the tenants' comfort and the lasting value of the property.
Acquired for €75,000 net to the seller, plus €7,000 in agency fees and €10,000 in works and furnishing, i.e. a total budget of €92,000, the studio is now valued at €105,000, an unrealised gain of around 14% on delivery. It is let at €580 including charges, which represents a gross yield of 9%, optimised under the LMNP actual regime (régime réel).
- Step 1
Sourcing and negotiation
Studio found outside the property portals, less than a five-minute walk from the Albert 1er tram stop, negotiated at €75,000 net to the seller.
- Step 2
Coordinated renovation
Painting, electrics, flooring, kitchenette and optimisation of the space, carried out by vetted contractors. Energy rating (DPE) raised from D to C.
- Step 3
Furnishing
Quality furniture and equipment in a contemporary style: sage-green wall, light polished concrete, designer lighting.
- Step 4
Letting and management
Let at €580 including charges on delivery, run under the LMNP actual regime, managed by Covesta.
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