Apartment for sale in Portoferraio

85 sqm apartment in Portoferraio, 3 rooms, 2 bedrooms, living room, bathroom, independent heating, energy class G. Ideal as home or tourist rental on Elba Island. General Description: In Portoferraio, the capital of Elba Island, we offer an 85 sqm apartment on the second floor of a well-maintained building. Equipped with independent heating and energy class G, it comprises entrance, living room, separate kitchen, two double bedrooms and a windowed bathroom. Dual-aspect windows ensure ample natural light and ventilation. Interior Description: The entrance hall elegantly separates the living area from the sleeping quarters. The single living room is spacious enough to accommodate a home office. The separate kitchen, with window, is ideal for family meals. Two double bedrooms are bright, one overlooking the port. The renovated windowed bathroom features a shower tray and suspended fixtures. Exterior Description: Despite being on the second floor, the apartment offers panoramic views of the historic centre and Medici bastions. The communal staircase is well cared-for and provides a secondary exit to public parking. Main Features: Commercial area: 85 sqm Rooms: 3 Living room: single Bedrooms: 2 double Bathrooms: 1 (windowed, renovated) Kitchen: separate Heating: independent radiators Energy class: G Floor: 2nd Utilities Details: Connections for water, electricity and methane gas are in place. Heating via condensing boiler. Intercom and pre-wiring for air conditioning in the living area. Uses and Potential: Ideal as a permanent family home, close to services, schools and shops. Highly profitable as a holiday rental — gross yield estimated at 6–7 % annually. No urgent structural work needed. Local Real Estate Market: – In 2024 Portoferraio saw an 8.5 % price increase year-on-year, with central areas ranging from € 3 500 to € 4 200 /m². – The absorption rate (sales/listings) is 45 %, indicating strong market activity. – Average tourist rental income: € 450/week in high season, € 1 000/month annual average. – Comparative: Porto Azzurro at € 3 800/m², Capoliveri at € 4 000/m², and Livorno province average € 2 500/m². Touristic and Historical Information: Portoferraio, founded by the House of Lorraine and fortified by the Medici, features Forte Stella and Forte Falcone. – Napoleonic sites: Villa dei Mulini and Villa di San Martino, Napoleon’s summer residences. – Events: “Effetto Elba” (September), with exhibitions, concerts and urban trekking. – Nature: Portoferraio Marine Protected Area for snorkeling among seagrass and reefs; hiking trails on Monte Perone and the Rada path. – Food & Wine: daily fish market at the port; nearby wineries offering Aleatico and Ansonica tastings. Distances: Portoferraio historic centre: 0 km Port and ferry terminal: 0.5 km Ghiaie Beach: 1 km Villa San Martino: 1.2 km Forte Stella: 1.5 km Porto Azzurro: 12 km Capoliveri: 14 km Marina di Campo Airport: 17 km Piombino ferry port: 8 km Pisa Galileo Galilei Airport: 120 km