Apartment for Sale in Herceg Novi

Explore the Allure of Coastal Living in Herceg Novi

Embrace the Mediterranean lifestyle with this charming 1-bedroom apartment for sale in the sought-after district of Savina, Herceg Novi. Nestled just 250 meters away from the sparkling Adriatic Sea, this property represents not just a home, but a gateway to an enchanting coastal experience that blends relaxation and vibrant culture.

An Enviable Location

The beauty of this apartment lies not only in its interior but also in its prime location. Savina is renowned for its peaceful ambiance and picturesque surroundings. Imagine starting your day with a leisurely stroll along the serene beaches, followed by a visit to the local market where fresh produce and handmade goods abound. The historic Old Town, known for its medieval architecture and rich history, is merely a stone’s throw away.

Neighborhood Development and Amenities

The area surrounding this property continues to flourish, making it an attractive investment destination. Herceg Novi has seen a surge in infrastructure development, including improved transportation links and enhanced public facilities. Sample some of the best local cuisine at traditional konobas (taverns), or explore cultural hotspots such as art galleries and music festivals that take place throughout the year. The nearby promenade buzzes with life, offering quaint cafes, stylish boutiques, and entertainment options, ensuring that your guests will never lack for excitement.

Modern Comfort with a Personal Touch

Step inside this bright and airy apartment that boasts a thoughtful design conducive to both comfort and style. The living room seamlessly blends with the kitchen and dining area, promoting a warm sense of community. The spacious bedroom provides a tranquil retreat, while the modern bathroom ensures convenience for all residents. The charming terrace offers a perfect spot to enjoy morning coffee, bask in the afternoon sun, or unwind under the stars, framed by a backdrop of stunning views.

Unlocking Investment Potential

Investing in a property in Herceg Novi opens the doors to a world of possibilities. With a landscape teeming with tourists and expatriates alike, the rental market remains robust and lucrative. This apartment serves not only as a personal retreat but as a potential income-generating asset, catering to the high demand for short-term rentals.

Analyzing Returns

From a financial perspective, this investment shows great promise. With a purchase price of 187 000€, the possibilities for rental income are staggering, especially during peak tourist seasons when the charm of Herceg Novi draws visitors from around the globe.

Simplified ROI Calculation

Consider the rental potential:
– **High season rental rate**: 90€/night for 60 nights = 5 400€
– **Winter rental rate**: 30€/night for 90 nights = 2 700€
– **Total annual rental income**: 8 100€

Calculating the ROI yields:
ROI = (Annual Income / Property Price) * 100 = (8 100€ / 187 000€) * 100 = 4.76%

A Captivating Conclusion

With an estimated return of 4.76%, this property stands as a promising investment opportunity in a vibrant, growing destination. Herceg Novi not only offers a beautiful place to call home but also the potential for lucrative returns, making it an enticing option for investors looking to make their mark in the Mediterranean property market. Don’t let this chance slip away; embrace the allure of coastal living and secure your slice of paradise today!