Apartment for Sale in Herceg Novi

A Hidden Gem in Herceg Novi

Welcome to an exceptional opportunity in the charming coastal town of Herceg Novi. Nestled within the enchanting streets of Stari Grad, this delightful 32m2 apartment serves as a perfect retreat for both personal enjoyment and strategic investment. Let’s dive deeper into what this property has to offer, exploring the burgeoning development in the area, key points of interest, and an analysis of its profitability.

Vibrant Community and Surrounding Development

The Old Town of Herceg Novi is brimming with life, culture, and a rich tapestry of history. As you stroll through the cobbled streets, you’ll discover a harmonious blend of quaint shops, lively markets, and delightful eateries. Recent efforts by local authorities to enhance the infrastructure have sparked interest from various businesses, ushering in an era of growth and expansion. Here are some notable developments:

– **New Eateries and Cafés**: The culinary scene is evolving, with new restaurants and cafés opening their doors to both locals and tourists, offering diverse options from traditional Montenegrin dishes to international cuisines.
– **Cultural Events**: Herceg Novi hosts numerous festivals and events throughout the year, attracting visitors from around the globe. This consistent influx of tourists bolsters the demand for accommodation, making your property a valuable asset.
– **Improved Accessibility**: With investments being made in transportation, including better road connections and public transport options, the area is becoming increasingly accessible, drawing not only tourists but also potential long-term residents.

Points of Interest Nearby

Living in the heart of Herceg Novi opens doors to a plethora of attractions. Imagine waking up and being just a short walk away from:

– **The Beaches**: The pristine Adriatic beaches are merely 300 meters from your doorstep, inviting you for sun-soaked days and evening strolls along the coastline.
– **Kotor Bay**: Renowned for its breathtaking natural beauty, Kotor Bay is an easy drive away, offering opportunities for boating, kayaking, and exploring charming nearby towns.
– **Historic Sites**: The town itself is dotted with ancient fortresses and churches, each with captivating stories waiting to be discovered, making every outing an adventure through time.

Lucrative Rental Potential

As an investment property, this apartment not only provides a comfortable place to stay but also presents lucrative rental opportunities. With the rise in tourism, particularly during the peak summer months, the demand for rental properties has soared.

Additional Revenue Streams

Consider renting out the apartment during:

– **Peak Tourist Season**: July and August can see monthly rents soar to around 800€, attracting holidaymakers eager to enjoy the sun and sea.
– **Off-Peak Stability**: Even during the quieter months, you can secure rental income averaging 350€. The annual average translates to a steady 575€ monthly income during the off-peak season.

ROI Analysis: A Smart Investment

To understand the financial benefits, let’s delve into a realistic return on investment evaluation:

– **Purchase Price**: 132 000€
– **Annual Estimated Income**: 9 000€

Following our earlier calculation, the ROI amounts to an impressive 7.5%:

(Income / Investment) × 100 = (9000 / 120000) × 100 = 7.5%.

Conclusion: Your Invitation to Invest

This captivating apartment in Herceg Novi is more than just a property; it’s a gateway to a vibrant lifestyle and a promising investment. With an attractive 7.5% return on investment, surrounded by development and cultural richness, this opportunity should not be overlooked. Embrace the chance to own a piece of paradise while reaping the benefits of a rental income in one of the Adriatic’s most beloved towns. Don’t let this gem slip away; the sun-lit shores of Herceg Novi await you.