Unique Investment Property with Holiday Home Potential in Philippine

This unique real estate opportunity is located at Vaartstraat 23 and 23a in the charming village of Philippine in Zeeland. The property presents an interesting proposition for investors or those seeking a holiday home with immediate rental income. Philippine is well known as a mussel village and offers a lively atmosphere with amenities located within close proximity. The location is particularly convenient, situated approximately twenty to twenty-five minutes from the beach and near the Belgian border.

The property consists of a residential house with a distinctive split configuration. The ground floor is currently rented out and carries a residential zoning designation, providing the new owner with direct rental income from day one. The upper floor has a guest accommodation function and is designated for recreational use. This means that registration as a permanent residence on the upper floor is not permitted under the current zoning, as the guest accommodation classification does not allow for permanent habitation.

The ground floor accommodation comprises a living room, one bedroom, a bathroom, and a simple kitchen. This floor is fully operational as a rental unit, making it an attractive feature for investors looking for immediate returns on their investment.

The upper floor offers a bright and airy living room that provides access to a balcony. The kitchen on this level is fitted with HR++ glazing for improved energy efficiency. There is a spacious bedroom that could potentially be divided into two separate rooms, offering flexibility for future use. The upper floor also includes a bathroom and an attic space. The attic features plastic window frames at both the front and rear, making it suitable for use as storage or additional living space. Additionally, this level has its own garage.

One of the notable features of this property is the expansive view over the Zeeland countryside that can be enjoyed from the upper floor. This panoramic vista over the surrounding nature enhances the sense of space and tranquility, adding significant value for occupants or rental guests.

The garage facility is split into two separate garages by means of an internal wall. One of these garages is equipped with both water and electricity connections, while the second garage has only an electrical connection. The garage is built of stone and attached to the main structure, with capacity to accommodate two vehicles.

There exists a possibility to convert the upper floor into an independent residential space, though this process comes with specific conditions. Any request to create a second dwelling within this building must be assessed through a concept request with the municipality. Such a request requires, among other things, a proper architectural drawing, as the guest accommodation section must be independently accessible when intended for permanent habitation. The technical implementation is also important, particularly regarding fire compartmentation between the units. If these conditions are not met, the upper floor cannot be permanently occupied, and structural modifications requiring a permit would be necessary.

This situation presents both a challenge and an opportunity. The potential for value growth over the longer term is considerable, should the conversion to a second independent residence be successfully completed. However, purchasers should be aware of the regulatory requirements and associated costs before proceeding with such plans.

The property dates back to 1904, with an extension added in 1974. The roof is a gable roof covered with tiles. The total living area measures 185 square meters, while the plot size is 582 square meters. The building volume is 654 cubic meters. The property has two cadastral parcels: one measuring 347 square meters and another measuring 235 square meters, both in full ownership.

The outdoor space includes a backyard and a side garden. The backyard measures 370 square meters, with dimensions of 48 meters in depth and 7.92 meters in width. The garden faces southeast, which is favorable for sunlight exposure throughout the day. A balcony is present on the upper floor. Parking is available on both enclosed and private grounds.

In terms of energy efficiency, no energy label is currently available. The property does have roof insulation, double glazing, and floor insulation. Heating and hot water are provided by a gas-fired CV boiler. The boiler is a Nefit model from 2018 and is owned by the current proprietor.

The property is classified as a semi-detached house (geschakelde woning). There are four rooms in total, comprising two bedrooms across both levels. There is one bathroom featuring a bathtub, toilet, and washbasin. The property spans two residential floors plus an attic level. Additional features include skylights, mechanical ventilation, and roller shutters.

Philippine is described as a vibrant village with a strong sense of community. The location on a quiet road adds to the appeal, while the proximity to facilities ensures practical convenience. The combination of rural character, coastal proximity, and cross-border accessibility makes this an intriguing location for a holiday property or investment.

This listing is offered at a price of 175,000 euros, buyer's costs applicable. The asking price translates to approximately 946 euros per square meter of living space. The acceptance terms are to be negotiated. All provided information should be considered as an invitation to make an offer or enter into negotiations. No rights can be derived from the property information provided. All stated surface areas are indicative and cannot be relied upon as exact measurements.

The property is offered by Kuub Makelaars Zeeuws-Vlaanderen, who represent the selling party. Prospective buyers are advised to engage their own NVM purchasing service agent for independent guidance through the transaction process.