1 Bedroom Apartment in Meljine

Investing in Coastal Charm: A Hidden Gem in Meljine

Imagine waking up to the soothing sound of waves gently lapping at the shore, the sun painting the sky in hues of orange and pink as it rises over the Adriatic Sea. This is not just a dream; it can be a reality with the acquisition of a stunning 1-bedroom apartment in Meljine, Herceg Novi. This modern abode is more than just a living space; it’s an opportunity to embrace a lifestyle filled with beautiful views, vibrant culture, and sound financial returns.

The Allure of Meljine

Meljine is quickly becoming a hotspot for investors looking to tap into the booming real estate market along the Adriatic coast. The local area combines charming seaside tranquility with proximity to numerous attractions. Here are some noteworthy highlights of Meljine and its surroundings:

– **Proximity to Herceg Novi**: Just a few kilometers away lies Herceg Novi, known for its stunning architecture and historical significance, which attracts visitors year-round.
– **Natural Beauty**: The picturesque beaches and lush landscapes provide countless opportunities for outdoor activities such as hiking, swimming, and sailing.
– **Culinary Scene**: Savor local delicacies at nearby restaurants and cafes, offering an authentic taste of Montenegrin culture. Don’t miss out on trying fresh seafood right from the Adriatic.
– **Cultural Festivities**: Participate in local events, festivals, and vibrant nightlife that create a lively community atmosphere.

Modern Living Meets Timeless Charm

This apartment seamlessly blends modern comfort with the rustic charm of coastal living. The spacious 46 m² layout is designed with your needs in mind. High ceilings and large windows invite the sun’s rays to flood the space, creating an airy and warm ambiance. Each room is designed to maximize space and comfort, making it ideal for both relaxation and entertaining.

As an unfurnished unit, the apartment offers you a canvas to express your personal style and taste. Customize your living experience with your favorite furnishings and décor, transforming this space into your sanctuary by the sea.

Financial Analysis: Unlocking the Potential

The allure of this property extends beyond its aesthetics; it represents a smart financial investment. The rental market in Meljine is favorable due to the increasing influx of tourists and the charm this locale offers. Let’s explore the investment’s potential returns:

– **Seasonal Rental Strategy**: The average nightly rental price during peak summer months reaches 80€, while winter rentals average 40€. This flexibility can provide steady income throughout the year.

ROI Calculation

Considering potential rental income:
– **Summer Income**: 90 nights x 80€ = 7 200€
– **Winter Income**: 60 nights x 40€ = 2 400€
– **Total Estimated Annual Rental Income**: 9 600€

After accounting for yearly expenses such as maintenance, taxes, and fees, estimated at 1 500€, your net income would equate to 8 100€. If you purchase the property for 150 000€, your return on investment can be calculated as follows:

ROI = (Net Income / Purchase Price) x 100 = (8,100 / 150,000) x 100 = 5.4%.

Community and Development Prospects

As Meljine continues to evolve, development projects are already underway to enhance the community’s appeal. New infrastructure, amenities, and transportation links being established will further boost the area’s attractiveness for both tourists and residents alike. This burgeoning development promises to increase property values and rental demand, reinforcing the allure of your investment.

Conclusion: A Piece of Paradise Awaits

This beautiful 1-bedroom apartment in Meljine is more than just a property; it’s an invitation to invest in a flourishing market while enjoying the idyllic coastal lifestyle. With an estimated ROI of 5.4%, you’re not just buying a home; you’re securing a financial future in one of Montenegro’s most desirable locations. Grab this opportunity to own a piece of paradise, where every day feels like a vacation, and every sunset brings a sense of tranquility.