House for Sale in Kumbor

Investing in a Coastal Gem: Kumbor Awaits You

Are you ready to embrace the enchanting beauty of Montenegro? Nestled in the picturesque village of Kumbor, Herceg Novi, is a house that not only offers a glimpse of coastal serenity but also serves as a promising canvas for investors like you. With its close proximity to the sparkling Adriatic Sea, this property stands as a beacon of potential, begging for your creative touch.

Ideal Location with Future Development

Kumbor is a hidden jewel on the Montenegrin coastline that is poised for growth. As the area continues to attract both local and international visitors, it becomes a focal point for development. The nearby resort of Portonovi, celebrated for its luxury amenities and waterfront views, enhances the allure of this locale. Imagine waking up to a sea view while knowing that you are only a short walk away from some of the finest dining and recreational spots in the region.

– Proximity to Historical Sites: Just a stone’s throw away lies the historic town of Herceg Novi, rich in culture and charm, offering additional appeal to potential renters and buyers.
– Emerging Tourism Hub: More and more tourists are discovering Kumbor’s pristine beaches, quaint cafes, and welcoming atmosphere, paving the way for increased demand for short-term rentals.

Versatile Property with Endless Opportunities

This house is your opportunity to create something truly unique. With its 114 m2 of living space and a generous plot of 268 m2, your imagination is your only limit. The existing structure, while ripe for renovation, maintains a strong framework that can be enhanced into a beautiful family home or even a boutique guesthouse.

Imagine transforming this house into:

– A coastal retreat for families, complete with modern amenities and a comfy outdoor space.
– A luxury rental property, where guests can unwind with ocean views and easy access to the beach.
– An eco-friendly dwelling that marries comfort with sustainability, attracting the growing market of environmentally-conscious travelers.

Robust Rental Market: Calculating Your Returns

Kumbor’s burgeoning popularity translates to strong investment potential. By revitalizing this property, you can harness the benefits of peak tourist seasons. The calculations below illustrate the financial upside:

– **Summer Rental Income**: Renting at 1 000€/month during June to September can yield 4 000€ (4 months).
– **Winter Rental Income**: With a lower rental rate of 500€/month from October to May, you would earn an additional 4 000€ (8 months).

This brings your total potential **annual rental income** to 8 000€.

ROI Breakdown

Now, let’s delve into the numbers:

– **Total Investment**: 343 000€ (purchase price) + 50 000€ (renovation budget) = 362 000€
– **Annual Rental Income**: 8 000€
– **Annual ROI Calculation**:
ROI = (8 000€ / 362 000€) x 100 = 2.21%

While a 2.21% return may initially seem modest, keep in mind the rapid growth of the Kumbor market and the potential for appreciation in property value. As the demand for rentals increases, so too will your income possibilities, positioning you for future gains.

Conclusion

Investing in this Kumbor property is more than just a transaction; it represents a unique opportunity to seize a piece of Montenegro’s thriving real estate landscape. With the right vision and effort, this house could evolve into a stunning retreat that brings not just profits, but also a slice of the Mediterranean lifestyle. Don’t let this chance slip away; secure your future in Kumbor, where your dreams and investments can flourish side by side!