House for Sale in Igalo

Investment Opportunity Awaits in Igalo

Are you looking to invest in a promising coastal region? The charming house for sale in Igalo, Herceg Novi, is not just a property; it’s a gateway to the stunning Adriatic lifestyle. With its beautiful surroundings, nearby attractions, and strong rental potential, this house stands out as a lucrative investment opportunity in the heart of Montenegro.

A Prime Location with Future Growth

Igalo is more than just a picturesque coastal village; it’s a thriving location with immense potential for growth. Nestled only 2000 meters from the pristine beaches, the property allows you to enjoy the sun, sand, and sea while being close to local amenities. The vibrant town of Herceg Novi is just a stone’s throw away, teeming with cafes, shops, and cultural activities that cater to both locals and tourists alike. The ongoing development in the region reflects a commitment to enhancing the infrastructure and boosting tourism, making this an ideal time to invest.

Key Features of the Property

– **Spacious Living Area**: Encompassing 250 m² and set on a 472 m² plot, this property offers ample space for relaxation and leisure.
– **Two Fully Equipped Apartments**: With two three-bedroom apartments each measuring 125 m², the potential for dual rental income is significant.
– **Customizable Ground Floor**: The partially completed ground floor invites you to bring your vision to life, whether you choose to enhance it as living space or explore alternative uses.
– **Parking Facilities**: The property boasts parking for up to five vehicles, a valuable asset in busy tourist seasons.

Exploring the Local Attractions

Living in Igalo means being surrounded by a wealth of attractions:

– **Beautiful Beaches**: Enjoy leisurely days swimming, sunbathing, and engaging in water sports.
– **Historical Sites**: Visit the numerous historical landmarks that illustrate the rich culture of Herceg Novi, including the fortresses and old town.
– **Natural Beauty**: Explore the nearby mountains and hiking trails that offer stunning views of the Adriatic Sea and lush landscapes.
– **Wellness Resorts**: Igalo is renowned for its wellness centers, providing an excellent opportunity to indulge in health and relaxation.

Financial Viability: Calculating Your ROI

When considering an investment, understanding the potential return on investment (ROI) is crucial. The structural design of this house offers dual income potential through the rental of each apartment, making it an attractive proposition in a flourishing market.

Let’s break down the possible income further:

– **Summer Rentals**: If you charge 100€ per night during the peak season of 60 days, you could earn approximately 6 000€.
– **Winter Rentals**: Similarly, renting at 50€ per night for 120 days could garner another 6 000€.

This brings your total potential annual income to 12 000€. Evaluating this against the purchase price means:

Annual Income (12 000€) ÷ Property Price (143 000€) = 0.0923 or 9.23% ROI.

This calculation highlights not only the immediate benefits of owning this property but also the promising long-term financial returns, making it an ideal investment for savvy investors.

In conclusion, this house for sale in Igalo is an attractive opportunity for those looking to dive into Montenegro’s real estate market. With its prime location, room for customization, and strong rental potential, this property is poised for success and awaits its next owner to unlock its full potential. Don’t let this unique real estate gem slip away!