Beautifully restored historic house with two apartments in the heart of Reyðarfjörður, East Iceland. Originally built in 1912 as the town's first primary school — still fondly called "the old school" by locals — the building has been sensitively converted into a modern three-apartment residence, designed by Arkþing / Nordic House of Architecture.
APARTMENT 1 – GROUND FLOOR | €400,000 (ISK 57,500,000)
104.9 m² | 2 bedrooms | 1 bathroom | Shared entrance | Ceiling height ~2.8 m
In the final stage of renovation — the buyer can still influence the kitchen fit-out. Layout includes entrance hall, laundry room, open living/dining room, kitchen, 2 bedrooms and bathroom.
APARTMENT 2 – UPPER FLOOR | €400,000 (ISK 57,500,000)
105.4 m² | 2 bedrooms | 1 bathroom | Private entrance | Exceptional ceiling height ~3.4 m
Fully finished and move-in ready. Private 15 m² balcony/terrace perfect for outdoor dining. Stunning fjord views from the living room, kitchen and one bedroom; mountain views from the other. Open-plan living/dining/kitchen, 2 bedrooms, laundry room and bathroom.
SHARED BUILDING FEATURES
Plejd smart home lighting system throughout (fully dimmable in all rooms)
Fibre optic broadband connected
Completely new plumbing, drainage and hot water system
New roof, windows, gutters, render and exterior paintwork
Dedicated marked parking space per apartment, with conduit for future EV charger
Additional parking to the north of the building
Plans included for 3 garages to the north (not yet submitted for planning approval)
Year built: 1912 | Fully renovated 2023–2026 | Plot: 1,650 m² leasehold
LOCATION & GETTING HERE
At over 30 km long, Reyðarfjörður is the longest and widest of Iceland's East Fjords, with all key services within easy walking distance of the property.
For European buyers, this is one of the easiest parts of Iceland to reach by sea. The MS Norröna, operated by Smyril Line, is the only car and passenger ferry between mainland Europe and Iceland — sailing from Hirtshals in Denmark via the Faroe Islands to Seyðisfjörður, just 27 km from Reyðarfjörður. Sailings run from April to November, and you can bring your own car, camper or motorcycle.
The property sits along Iceland's famous Ring Road corridor, in one of the country's most scenic yet least-visited regions. The East Fjords offer dramatic fjords, glacier lagoons, wild reindeer, colourful fishing villages and world-class hiking — without the crowds of the South Coast. Demand from Ring Road travellers and ferry arrivals is growing, making this an excellent opportunity for holiday rental income.