House for Sale in Herceg Novi

Explore the Potential of a Hidden Gem in Herceg Novi

Are you ready to invest in your dream property nestled along the breathtaking Adriatic coast? This charming house in Herceg Novi presents an incredible opportunity for those looking to capitalize on a lucrative investment. With its robust structure, prime location, and ample space for customization, the property beckons savvy investors to envision its vast potential.

A Thriving Location Awaits

Situated just 200 meters from the sparkling sea, this 130 m² house offers not only a stunning backdrop but also an enviable lifestyle. Herceg Novi is renowned for its vibrant atmosphere, rich history, and friendly community. The pedestrian zone nearby encourages leisurely strolls, allowing residents to easily access a plethora of local amenities:

– **Cafés and Restaurants**: Enjoy fresh seafood and Mediterranean cuisine at charming local eateries.
– **Shops and Markets**: Browse unique shops and local markets for fresh produce and artisanal goods.
– **Cultural Attractions**: Explore the historical Old Town, featuring ancient fortifications, churches, and museums.

The property is also strategically positioned near popular beach spots, enhancing its appeal for vacationers and locals alike.

Renovation Opportunities Galore

While the house requires some renovation, envision transforming it into a stunning masterpiece tailored to your style and vision. The solid pre-war stone construction with impressive 70 cm thick walls provides an excellent foundation for any renovation project. Consider the possibilities:

– Create open-concept living spaces that invite natural light and fresh air.
– Develop outdoor areas on the two terraces, perfect for summer gatherings or peaceful mornings with a cup of coffee.
– Optimize the semi-basement for additional living space, such as a home office, gym, or entertainment area.

Imagine the satisfaction of curating a unique space that combines modern comforts with historical charm, offering you and your guests an unforgettable experience.

Wise Investment with Strong Returns

Real estate in Herceg Novi is increasingly sought after, making this property a wise investment for both short-term renters and long-term residents. The area’s progressive development is a catalyst for potential price appreciation, ensuring that your investment appreciates over time.

Factors Contributing to Value Growth:

– Rising tourism numbers in Montenegro
– Infrastructure improvements, including transportation links and public amenities
– A growing expat community enhancing local demand

Investing in real estate offers both satisfaction and financial security. With the property’s competitive price of 2 770€/m², the potential for rental income is significant, especially in peak tourist seasons.

Simplified ROI Calculation

Consider the financial prospects as you jot down the numbers. Assuming a short-term rental rate of 150€/night for just four months (120 days), you could realize:

– **Summer Income**: 150€ x 120 = 18 000€
– **Winter Rental**: 1 000€/month x 4 = 4 000€

This results in a combined annual revenue of 22 000€ from your investment, making it an enticing prospect.

Calculating your potential return:
– **Investment**: 396 000€
– **ROI** = (22,000/396 000€) * 100 ≈ 6.11%

Conclusion: A Bright Future Ahead

The blend of natural beauty, cultural richness, and investment potential makes this property in Herceg Novi a rare gem. In an ever-evolving market, nurturing your investment allows for growth and rewarding returns. With thoughtful renovation and strategic rental management, this charming house could not only become your sanctuary by the sea but also an income-generating asset that looks toward a glittering future. Don’t miss the chance to seize this remarkable opportunity!