Family House in Herceg Novi

Exploring the Potential of Your Family House in Herceg Novi

Herceg Novi is rapidly becoming one of the hottest destinations in the Mediterranean, known for its stunning landscapes and vibrant culture. Investing in a family house in this exquisite location is more than just acquiring property; it’s about embracing a lifestyle amidst the turquoise waters of the Adriatic and the enchanting hills of the hinterland. This family home in Savina combines a desirable location with untapped potential, making it a remarkable opportunity for investors.

The Enchantment of Savina

Savina is a neighborhood steeped in charm, characterized by its coastal walkways, lush greenery, and the overwhelming beauty of nature. Here’s what makes it special:

– **Proximity to the Sea**: Just a short walk from your doorstep leads you to the sandy beaches and lively promenades where you can sunbathe, swim, or savor local delicacies at seaside cafés.
– **Cultural Heritage**: Herceg Novi is known for its rich cultural history, with numerous festivals, galleries, and historic landmarks nearby, including the ancient fortresses that overlook the town and provide breathtaking views of the coastline.
– **Accessibility**: With excellent transport links to Dubrovnik and Tivat, accessing the nearest international airports is convenient, attracting tourists and investors alike.

Investing in a property in such a prime location means benefiting from increased foot traffic during the tourist season, making it a hub of activity for both locals and visitors.

Property Highlights: A Canvas for Your Vision

With 140 m² of space and a generous 489 m² yard, the family house offers a fantastic starting point for both family living and investment:

– **Flexible Living Arrangements**: The existing two apartments provide the perfect opportunity for family gatherings or rental income, enabling you to enjoy life in the house while offsetting costs.
– **Endless Expansion Possibilities**: The expansive yard presents possibilities for building additional units, creating a beautiful garden, or even installing a pool, thus enhancing both the aesthetic appeal and the value of the property.
– **Garage and Parking Spaces**: The 20 m² garage, combined with ample space for additional vehicles, caters to families or guests with cars, an important convenience in coastal areas.

Your vision can transform this property into a personalized haven, embracing the beauty and tranquility that Herceg Novi has to offer.

Thriving Investment Opportunities

As tourism flourishes in this picturesque region, the prospects for your investment grow stronger. The growing demand for vacation rentals allows you to capitalize on the steady stream of visitors each year. Here’s how the financials break down:

– **Rental Income Potential**:
– **Summer (Approx. 12 Weeks)**: 1 000€ per week → 12 000€
– **Winter (Approx. 10 Weeks)**: 600€ per week → 6 000€
– **Total Annual Income**: 18 600€

This remarkable rental potential positions your family house not only as a private retreat but also as a strategic investment with promising returns.

Evaluating Your Return on Investment (ROI)

Investing in this family house is an opportunity for solid returns in a growing market. Here’s a closer look at the ROI evaluation:

Annual Income: 18 600€
Investment Cost: 858 000€
Annual ROI Calculation: (18 600€ / 858 000€) x 100 = 2.38%

Though the ROI may initially appear modest at 2.38%, the potential for appreciation in property value combined with rising rental prices ensures this investment can yield fruitful returns in the long run, becoming a crucial asset in an ever-expanding market.

Conclusion: A Gateway to Possibility

Owning a family house in Herceg Novi is not just about having a residence; it’s about embracing a lifestyle enriched by cultural experiences and natural beauty. With the prospects of strong rental income, the ability to expand and personalize your property, and the charm of the surrounding area, this investment is a gateway to endless possibilities. Whether you seek a vacation home or a strategic addition to your portfolio, this house is a remarkable opportunity you shouldn’t overlook. Embrace the Adriatic life and secure your future today!