Homes Abroad the UK's leading guide to Holiday Homes Abroad

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  • Alps
Price £36,453
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Property Description

You can buy these properties with or without a rental management agreement. Apart from the obvious benefits of earning rental income if you sign a rental management agreement, in this residence you will also benefit from a full VAT refund of 19.6%


Orelle Waters investment simulation (Example using Unit 106A Chalet 5 (Studio for 4 people):
• Total price: 58,952 Euros (49,291 Euros ex VAT)
• Price per m2: 2,276 Euros (1903 Euros ex VAT)
• VAT Reimbursed via signing of mandat de gestion: 9,661 Euros HT
• Size: 25.9 m2

Running Costs for owner:

• Charges copropriete (co-ownership charges): 3 Euros/m2/month = 932 Euros per annum
• Repair costs estimated: 350 Euros per annum
• Insurance: 50 Euros per annum
• Syndique charge (home association): 100 Euros per annum

Rental income:
This is treated via a Mandat de Gestion (rental management mandate) where a maximum of 35% (max 27% for the tour operator & 8% for ALPVISION) goes to the management company while 65% HT goes to the owner. The owner will pay all running costs which includes the Charge de copropriete, Frais de syndique, assurance and repairs, taxe fonciere etc. There will be no taxe d’habitacion as there is a taxe de sejour instead under the para-hotelier scheme.

• No. of weeks available to rent in winter: 21
• No. weeks available to rent in summer: 10
• Total weeks available for rent: 31
• Total rental income available: 12,025 + 4,375 = 16,400 Euros (33.3% gross rental return (21.6% NET))

No. weeks rented if just MS, HS & VHS (no low season) weeks rented (61% occupancy rate):

• Winter: 12
• Summer: 7
• Total weeks rented: 19
• Total rental income: 9,370 + 3,397 = 12,767 Euros (25.9% gross rental return (16.8% NET))
• Rental income after 35% commission paid = 8,299 Euros (16.8%)
• Annual rental income after running costs of 1,432 Euros = 6,867 Euros (13.9% NET)
No. weeks rented if just VHS weeks rented (29% occupancy rate):

• Winter: 5
• Summer: 4
• Total weeks rented: 9
• Total rental income: 4,900 + 2,116 = 7,016 Euros (14.2% gross rental return (9.25% NET))
• Rental income after 35% commission paid = 4,560 Euros (9.25%)
• Annual rental income after running costs of 1,432 Euros = 3,128 Euros (6.3% NET)

The industry occupancy rate is roughly 75% so an occupancy rate of 50% to 60% is quite conservative and would bring in a NET yield after costs of 11-14%. This is of course non-contractual and only indicates the potential rental yield and does not form part of any rental guarantee.

This is an excellent property investment, with high rental yields that give you a cash positive return from day one,


Property purchase, as leaseback or freehold.


Orelle Waters is a 3* residence, situated fifteen minute walk from the gondola that takes you to the ski slopes or take the free shuttle bus which runs every 15 minutes. Well equipped with all the facilities you would expect, including SPA area, indoor heated pool, hammam, sauna, jacuzzi, massage/beauty treatment room, gym and sun loungers with tea service. There is also a reception area, restaurant, bar, lounge, luggage room, laundry room, ski room with private lockers and a mini supermarket.


Orelle is a traditional Alpine village at 99m altitude In the Three Valleys ski area with over 600km of ski slopes. Nestled amongst 7 other hamlets and villages in an area of outstanding natural beauty, a short distance from Italy. There is a restaurant, two bars, reasonably priced ski hire shops, regional food shop and small supermarket. With plenty to do in summer, hiking, biking, and climbing as well as the fantastic winter skiing.


204 studios, and one and two bedroom apartments divided over seven traditionally styled chalets, featuring wood and stone facades. Immaculately finished, fully equipped and furnished to a high standard including 4 ring hob, oven, dishwasher, coffee maker, kettle toaster, mini hi-fi, and flat screen TV. Studios have a shower wc larger units bath and shower combination. Each apartment has a private balcony overlooking the amazing view, plus indoor and outdoor parking.

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