Property Investment Opportunity in Alpe D'Huez, a ski resort in south eastern French Alps, just one hour from Grenoble Airport!
 A Cosy Five Bedroom Chalet in the Centre of the Old Village in Alpe D'Huez 1850m, "the Island in the Sun" 50m from lifts, ski practically to the door!
Alpe D'Huez has an enviable snow record, the village is already high at 1850m, but the skiable area goes up to 3300m and the commune is constantly expanding the amount of piste, now over 250km, and the lift system. New and upgraded lifts are being added each season and the resort has ambitions to go up market and attract better and more skiing customers each season.
.jpg)  The Village has several new developments and has had recent faclift work done to the road system around the resort. In the old village, they are keen on preserving the charm and character of the buildings and have been working with chalet owners to subsidize any work needed to chalets in order to achieve this look!
The resort of Alpe D'Huez represents a great place to invest, property is relatively cheap at E5,000 a sq m on average and there is massive potential for that figure to double in coming years. Building new properties is limited because of the terrain, so existing property will increase in value.
Why buy Vieux Mures? because it's...
 Right in the centre, but quiet too!
Ski bridge across the market square brings you to your door (20m)
Chairlift and nursery slope 50m from chalet
Lobster pot lift to main DMC and Signal lifts also 50m from chalet
Quiet street but minutes away from bars restaurants and shops
Situated in old village full of charm and character
A fraction of the price of similar resorts with less skiable area
Closer to airports than other resorts
Better snow track record and plenty of nearby resort to choose from too.
High resort with guaranteed snow and excellent sun too "Ile au Soliel"
Altiport with helicopter transfers to other resorts
Tour de France, Marmottes and Mega Avalanche bike competitions
New skis runs being opened each year
A ski resort in the midst of redevelopment and a sound investment
Chalet Specifications
 5 ensuite bedroomsbathrooms inc 1 bunk room and 1 mezzanine
Large Lounge/dinning/kitchen area with log fire
Balcony/patio with view across the market square and on to the mountains
4 floors and well insulated so cheap to heat and very warm
Free parking in market square 20M
Recently refurbished
110m Sq living area.
Return on Investment
The average income per week is approx £600 with the best winter week at £2200.00 and £1400 in the summer over the last few years and this last season in 5 months of the winter season have been let last year to a T/O for £20,000.
This year for the same period the property will be let for £30,000 and the rest of the year including inter-season is expected on previous years to return an additional £10,000 giving a total of £40,000 income. Current costs per sq metre for Chalets such as this is betwen 5,000€ and 5.500€ and with this chalet at 110sqm plus, the value is between 550,000€ and 605,000€ we feel it represents excellent value and would be prepared to sell to the right and able buyer at 450,000€.
The Property has undergone considerable improvement since ownership. The last refurbishment cost £15,000 which included the down stairs bedrooms, exterior canopy, redecoration throughout new boiler in October last year and plumbing to the bottom 3 bedrooms. The Chalet was purchased for 230,000€ and having spent 80,000€ converting it, my investment total 310,000€.
Working on the “buy it now” valuation the capital value has grown by 140,000€ and has returned and average of £22,000 per annum over 10 years: a 10 year period which for the last 3 has seen the worst global shrink in property values yet it has still made an excellent return and would have produced much better figure had this not happened. So a combination of growth (£22,000) and income (£18,000) have produced £40k per annum so when compared to initial investment returns a RIO of 21% pa!! Not bad with banks paying 2-3% plus you cant ski in a bank
230,000€ = £191k initial purchase price = 21% ROI
Whilst I appreciate this to be true of many investments, this area with its snow sure climate and altitude has been protected from the worst Europe has seen and represents excellent potential as an investment and somewhere skiers will feel happy to return to booking in advance because of the areas micro climate and altitude. As all Alp investors agree, if you buy, buy high!!
STAGGERING ROI OF 79% *
Buying this property at E450k with a 20% deposit commits 90,000€ cash from a buyer the property will return £40k rental yield which is a 44% rental yield (gross) yet if you add capital value then your 90,000 investment will (assuming 5% growth in the next year of 18750) produce an overall RIO in YEAR 1 of 79% against your 90,000 invested!! Plus of course, mortgage payments gross return without consideration of loans and management/maintenance which will be minimal but subject to interest fluctuations
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