Apartment for Sale in Igalo

An Ideal Investment in a Coastal Paradise

Located in the enchanting region of Herceg Novi, this stunning 3-bedroom apartment in Igalo offers investors a unique opportunity to dive into a vibrant real estate market, perfect for both personal enjoyment and lucrative rental potential. With its prime location, just 250 meters from the sun-kissed beaches of the Adriatic, this property is not only a place to live but a gateway to a lifestyle enriched by culture, leisure, and breathtaking views.

Surrounding Development and Amenities

The appeal of this property is significantly enhanced by the ongoing development in and around Igalo. The area is experiencing a renaissance, with new restaurants, cafes, and shops sprouting up, contributing to the lively atmosphere. With the recent investments in infrastructure and promotion of tourism, the neighborhood is transforming into a prime destination for both locals and visitors.

– **Beach Access:** The proximity to the beach offers an ideal retreat for both owners and renters. Imagine waking up to the sound of waves and enjoying a morning coffee while soaking in the scenic views.
– **Local Attractions:** Just a short stroll away, you can explore various attractions such as the renowned spa center of Igalo, historic sites, and beautiful walking paths along the coastal promenade.
– **Connectivity:** The excellent transport links to nearby cities, including Dubrovnik and Kotor, allow for easy exploration of this culturally rich region, making it an appealing option for international tourists.

A Flavor of Mediterranean Lifestyle

The charm of this apartment extends beyond its walls. The spacious 110 m² living area, blended seamlessly with the lush 306 m² garden filled with fruit trees, embodies the essence of Mediterranean living. It provides both a cozy retreat and ample space for social gatherings or relaxation.

Imagine evenings spent in the garden under a starlit sky, where the delightful smell of fresh fruits fills the air, making it an inviting space for family gatherings or lively celebrations. The additional studio unit, accessible through its private entrance, serves as an excellent guest accommodation, giving visitors a comfortable stay while providing you the option to earn extra income.

Lucrative Income Potential

Investing in real estate in this developing location makes financial sense. The growing demand for vacation rentals, especially in summer, heightens the rental prospects for this apartment. With significant rental income potential, here’s a concise breakdown of the financial outlook:

– **Summer Rental Income:** With high demand, particularly in peak season, you can expect to earn approximately 9 000€ over 90 nights at a rate of 100€ per night.
– **Winter Rental Income:** A steady flow of visitors in winter can also yield around 4 500€, assuming occupancy over 90 nights at 50€ per night.
– **Total Annual Income:** Combining both seasons brings your total income to approximately 13 500€ annually, thereby enhancing your investment portfolio.

Return on Investment (ROI) and Beyond

Taking a closer look at the investment, the annual return can be calculated as follows:

Investment: 173 000€
Total Annual Income: 13 500€
ROI = (Annual Income / Investment) x 100 = (13,500 / 173 000€) x 100 = 9%.

With an impressive projected ROI of 9%, this apartment stands out as a lucrative opportunity in the current market landscape.

Conclusion: Your Future Awaits

This apartment in Igalo seamlessly combines comfort, investment viability, and lifestyle. With its outstanding location, infinite possibilities for rental income, and the promise of appreciating property value, it is indeed a rare find on the real estate market. Don’t miss the chance to make this charming apartment your own or add it to your investment portfolio, opening doors to a world of leisure and opportunity along the breathtaking Adriatic coast. Embrace the Mediterranean way of life while securing your financial future!