House for Sale in Herceg Novi

A Prime Investment Opportunity in Herceg Novi

Nestled in the captivating coastal town of Herceg Novi, this charming house not only stands as a warm family retreat but also emerges as a promising investment prospect. The allure of this property goes beyond its walls; it is situated in a region that marries natural beauty with cultural richness, making it a coveted location for both residents and tourists alike.

Thriving Community and Development

Herceg Novi is a town evolving at a remarkable pace. With ongoing developments in infrastructure, new restaurants, and cultural festivals, the area is becoming increasingly attractive for those looking to invest in real estate. The government has also initiated various projects aimed at enhancing public spaces and improving accessibility to tourist attractions, which significantly boosts property values. Imagine enjoying the beauty of Montenegro’s Adriatic coastline while being part of a growing community that pulses with life.

Local attractions such as the stunning beaches, historical sites, and beautiful parks ensure that residents and visitors always have something to enjoy. The charming promenade along the coast is perfect for evening strolls, lined with cafes and shops that offer a taste of local cuisine and crafts. Additionally, the vibrant old town features a maze of cobbled streets where history is alive, and art flourishes.

Attractive Rental Market

With its stunning landscape and cultural significance, Herceg Novi attracts a diverse array of tourists year-round. This generates a strong rental market that can significantly boost your investment. Family vacations, cultural retreats, and romantic getaways are just a few categories of visitors that flock to this beautiful region.

Consider the potential of renting out both the residential unit and commercial spaces. Having two commercial units can easily cater to local businesses or tourists, increasing your overall rental income. This dual income approach creates a safety net, ensuring that even during slower seasons, the rent from commercial activities can help cover costs.

Key Features of the Property

– **Spacious Living**: With 101 m² of living space, the house accommodates comfortably with two cozy bedrooms.
– **Versatile Commercial Spaces**: The commercial units on the ground floor offer various business opportunities, aligning perfectly with the town’s busy tourist season.
– **Generous Yard**: The expansive 270 m² yard is ideal for family gatherings, outdoor activities, or could be transformed into a charming garden retreat.

Investment Evaluation

In a world where real estate often serves as a solid foundation for financial stability, this property in Herceg Novi offers a very tangible ROI. Summer tourism can yield an average rental of 100€ per night, and during the winter months, rentals could reach approximately 50€ per night. With an impressive average occupancy of around 60% over the year, this investment proves lucrative.

ROI Calculation

Annual Rental Income:
– Summer (90 days at 100€/night): 9 000€
– Winter (215 days at 50€/night): 10 750€
Total Annual Income: 19 750€

Initial Investment: 418 000€
ROI = (Total Annual Income / Initial Investment) x 100 = (19 750€ / 418 000€) x 100 = 5.19%.

Conclusion

This property strikes a perfect balance between personal enjoyment and prudent financial investment. Not only does it offer a charming home environment, but it also presents a robust return on investment of 5.19%—a promising figure that highlights the property’s potential in a thriving market. Don’t let the opportunity to own a slice of Adriatic paradise pass you by—make this house in Herceg Novi your next investment venture!