Apartment Of 63 M² In Bixio

Condition and Access

The apartment is described as being in fair to good condition. It is ready for immediate occupancy, though there is potential to enhance its value through minor renovations. A key aspect for its potential use as a holiday rental is the direct access to the property from its exclusive terrace. This private outdoor space is considered a valuable feature that can command higher rental rates.

Investment Potential

The property presents several advantages for investors. Siracusa experiences consistent tourist interest throughout the year. In the Umberto and Ortigia areas, occupancy rates for short-term rentals, such as on Airbnb, are reported to be between 80% and higher during the months of May through October, and between 45% and 60% during the off-peak seasons. The apartment is suitable for both long-term rentals to local residents and for licensed short-term vacation rentals. With two bedrooms and a private terrace, it is well-suited to attract couples and small families, segments of the market that typically yield higher average daily rates. The availability of a private terrace within the historic center is a distinguishing factor, as competing properties lacking outdoor space often rent for 20% to 30% less. Furthermore, the absence of an elevator contributes to lower communal building fees. As a historic building, it is also noted that there are no expensive amenities requiring ongoing maintenance.