House in Herceg Novi

Investment Potential in the Enchanting Herceg Novi

Welcome to a remarkable opportunity nestled in the stunning coastal town of Herceg Novi! This stunning house, featuring 119 m² of well-designed living space on an expansive 752 m² plot, is located just 350 meters from the glistening Adriatic Sea. With its prime positioning near the municipal office and the Duković endowment, this property harmoniously blends convenience with serenity, making it an ideal choice for both families and savvy investors alike.

Exploring Herceg Novi’s Attractive Surroundings

Herceg Novi is renowned for its rich history, charming architecture, and vibrant culture. With an increasing number of visitors drawn to this coastal haven, the surrounding area is blossoming with potential. Just beyond your doorstep, you will find:

– **Beautiful Beaches**: The nearby waterfront invites you to bask in the sun, indulge in water sports, or simply take leisurely strolls along the promenade.
– **Cultural Landmarks**: Explore historic sites such as the Forte Mare Fortress, a symbol of the town’s storied past, and the picturesque Old Town, bursting with character and local craftsmanship.
– **Gastronomic Delights**: Savor local cuisine at charming restaurants and cafés, where fresh seafood and Mediterranean dishes tantalize your taste buds.

As Herceg Novi continues to grow as a sought-after destination, developments in tourism, hospitality, and local infrastructure further enhance the property’s value.

Unmatched Growth Potential

Besides the immediate attractiveness for personal use, this property offers significant development opportunities. The strategic plan allows for the reconstruction of a family residential building up to 1000 m². Imagine transforming this property into a multi-family residence or a boutique vacation rental complex, creating a unique retreat for travelers seeking to explore Montenegro’s captivating coastline. This avenue provides a wealth of possibilities for innovative investors eager to capitalize on the booming real estate sector.

Financial Insights: Assessing Your Investment

When considering an investment, understanding the potential return is crucial. The real estate landscape in Herceg Novi is flourishing, and this property stands at the forefront of that growth. With summer and winter rental rates averaging 100€/night and 50€/night respectively, the income potential is compelling.

Detailed ROI Calculation

Let’s break it down: assume you rent your property for 60 days during the summer and 90 days in the winter. Your calculation would look like this:

– **Summer Income**: 60 days x 100€/night = 6 000€
– **Winter Income**: 90 days x 50€/night = 4 500€

This totals an impressive **annual income of 10 500€**. Given the purchase price of 352 000€, your calculated ROI is:

(10 500€ / 352 000€) x 100 = 3.28%.

Conclusion: A Glittering Opportunity Awaits

Investing in this charming house in Herceg Novi not only provides you with a beautiful sanctuary by the sea but also a robust financial opportunity. With a calculated ROI of 3.28%, this property is a gateway to establishing a foothold in Montenegro’s thriving real estate market. The rising demand for vacation rentals, coupled with the region’s alluring natural beauty and rich history, makes this a wise investment choice.

Seize the moment and explore this unique opportunity in Herceg Novi. Contact us today to embark on your journey toward owning a piece of this enchanting coastal haven!