A patrimonial approach to asset selection

A sound real estate investment goes beyond the purchase itself. It relies on identifying undervalued assets capable of delivering both immediate income and long-term value creation.

This project was structured around that principle. The objective was not aggressive optimization, but performance aligned with the asset’s nature and real local market demand.

A rare property defined by strong fundamentals

The analysis focused on a 62 sqm apartment with a private garage, located in a former fire station converted into residential use.

Key differentiating features include:

• high ceilings and generous volumes
• distinctive architecture with strong identity
• no overlooking, ensuring comfort and long-term appeal
• private garage, a decisive factor for rental liquidity

These elements naturally position the property in a niche segment, less exposed to standardized market competition.

Controlled execution without altering the asset’s identity

Required works were light, fast and fully manageable. The strategy focused on improving usability and clarity, without compromising the building’s character or inflating the cost structure.

This preserves the patrimonial dimension of the asset while enhancing its rental attractiveness.

Immediate returns and long-term value creation

Performance drivers are grounded in tangible fundamentals:

• optimized acquisition, with a –6.1% price discount
• stable and qualitative rental demand, driven by the property’s character
• positive net cashflow, exceeding €100 per month from day one

Returns are not based on speculative assumptions, but on disciplined execution: a distinctive asset, a well-negotiated entry price, and a controlled operating strategy.

This project illustrates a simple principle: durable performance comes from solid fundamentals, not speculation.