House for Sale in Savina

Explore the Timeless Charm of Savina, Herceg Novi

Investing in a property is more than just a financial decision; it’s a lifestyle choice that typically comes with dreams and aspirations. Nestled in the serene neighborhood of Savina, this charming house offers not just a cozy home, but a gateway to the vibrant life of Herceg Novi and its surroundings. With its beautiful landscapes and rich cultural heritage, Savina stands as a testament to the perfect blend of tranquility and accessibility, making it an ideal property for seasoned investors and first-time buyers alike.

The Allure of Savina

The area of Savina is renowned for its stunning coastal views and lush greenery. The vibrant landscape is complemented by the gentle sound of waves, creating a peaceful atmosphere that invites relaxation. This neighborhood is dotted with charming cafes, restaurants, and local shops, adding a unique flair to everyday living. Just a short stroll away, you can find:

• Savina Monastery: A historical landmark that draws visitors for its architectural beauty and serene ambiance.


• Beautiful Beaches: Local beaches provide not just sun and sand but also a variety of water sports, perfect for adventure enthusiasts.


• Cultural Events: Herceg Novi hosts numerous cultural festivals throughout the year, showcasing local art, music, and traditions.


• Scenic Walking Trails: Explore the natural beauty of the area with trails that wind through the lush landscape and offer breathtaking views of the Adriatic Sea.

Location, Location, Location

The strategic location of this property provides easy access to key amenities. Just a short drive from the bustling center of Herceg Novi, residents can enjoy shopping, dining, and entertainment without compromising the serene lifestyle offered by Savina. Excellent public transport links and nearby international airports enhance the property’s appeal for both residents and potential renters.

Landscaping and Outdoor Potential

Spanning an ample 572 m², the outdoor space of this house is a blank canvas for creativity. Imagine a vibrant garden filled with local flora, or an inviting outdoor entertaining area where friends and family can gather. This property allows for:

• Garden Spaces: Grow your own fruits and vegetables or create a peaceful retreat to unwind after a busy day.


• Outdoor Activities: A playground for children or a cozy nook for afternoon reading under the sun.


• Parking Facilities: With two dedicated parking spots, welcome guests without the stress of on-street parking.

A Growing Market: The Future of Herceg Novi

The real estate market in Herceg Novi is witnessing a steady trend of growth, fueled by increasing interest from both local and international buyers. As the tourism industry flourishes post-pandemic, the demand for rental properties in picturesque locations like Savina continues to rise. This house not only represents an investment in real estate but a stake in a burgeoning economy poised for expansion.

Unlocking Your Investment Potential

The initial allure of this property is its investment potential, particularly in the lucrative rental market. As travelers seek unique and tranquil getaways, properties in serene neighborhoods like Savina are in high demand. With tourism on the rise, this house stands to benefit significantly, offering potential returns well above average.

Return on Investment Evaluation

Calculating your return on investment (ROI) can highlight how advantageous this purchase could be. Consider the following potential rental income:

• Peak Summer Season: Approximately 100€/night over 30 nights yields 3 000€.


• Off-Peak Season: Offering 50€/night for 60 nights contributes another 3 000€.

When we tally up the numbers:

Total Annual Rental Income: 6 000€

With a purchase price of 220 000€, the simple ROI calculation is:

Annual income (6 000€) / Purchase price (220 000€) = 3%

Conclusion

This charming house in Savina not only promises a delightful residence but also presents a stable investment opportunity. With a reachable ROI of 3% per year, the potential for increasing rental income and property value makes this home an enticing option for discerning investors. Don’t miss out on the opportunity to own a piece of paradise in Herceg Novi!