House in Sutorina

A Hidden Gem in Herceg Novi: The Perfect Investment Opportunity

If you are searching for an attractive property that marries natural beauty with investment potential, look no further than this charming house in Sutorina, Herceg Novi. Set against a picturesque backdrop of mountains and lush greenery, this property not only serves as a peaceful retreat but also holds considerable promise for those looking to make a wise investment in real estate.

Exceptional Location

Sutorina is an area celebrated for its tranquil ambiance and stunning scenery. As an investor, you are not only purchasing a home; you are entering a thriving community that continues to attract visitors and new residents alike. The allure of Herceg Novi extends beyond its natural beauty. With a rich historical heritage and a wide array of cultural activities, this town stands out as a premier vacation destination along the Montenegrin coast.

– **Nearby Attractions:**
– *Historic Fortresses:* The renowned Kanli Kula Fortress and the Citadel offer glimpses into the rich history of the region.
– *Beautiful Beaches:* Just a short drive away, you can access some of the best beaches, ideal for sunbathing and water sports.
– *Culinary Delights:* The local dining scene features fresh seafood and traditional Montenegrin cuisine, making every meal an experience to savor.

These attractions augment the appeal of your investment property, increasing the likelihood of high occupancy rates during peak tourist seasons, translating into substantial rental income.

Space and Versatility

The property’s expansive land—3,000 m²—provides myriad opportunities for customization and development. The unfinished upper level is a blank canvas waiting for your vision. Whether you choose to create additional living spaces, a guest suite, or even transform it into a luxurious rental, the potential is boundless. Furthermore, the auxiliary building of 50 m² can serve multiple purposes: as a workshop, storage area, or supplementary rental unit.

This flexibility makes the property appealing not only as a family home but also as a multi-functional investment. With the right modifications, you could cater to both short-term vacationers and long-term residents, diversifying your income sources.

Understanding the Rental Market

The rental market in Sutorina has shown promising growth, making this property an intriguing prospect for investors. Here’s how you can maximize your return:

– **Summer Rentals:** With peak seasons attracting tourists flocking to the stunning Adriatic coastline, your projected rental rate of 1 500€ per month for four months creates a robust income stream.
– **Winter Rentals:** As winter approaches, adjust your strategy with rentals priced at 800€ per month for eight months, appealing to locals and expatriates seeking comfortable accommodations during the off seasons.

Projected Financial Dynamics

A closer look at rental income reveals the potential for a lucrative investment.

Total yearly income can be calculated as follows:
– Summer: 1 500€ * 4 months = 6 000€
– Winter: 800€ * 8 months = 6 400€

Calculated Total Yearly Income: 12 400€.

However, it is essential to consider the investment costs involved:
– Purchase price: 242 000€.

Considering these financials, we calculate the ROI as:
ROI = (Income – Cost) / Cost = (12 400€ – 242 000€) / 242 000€ = -94.36%.

Conclusion: A Strategic Investment

While the calculated ROI suggests an initial negative return based on rental income alone, it is crucial to view this investment holistically. The house in Sutorina is a rare opportunity poised for appreciation as the area continues to develop. With emerging tourist attractions and growing demand for rental properties, the valuation of your investment is likely to increase over time, offering long-term capital gains that can far outweigh the initial investment costs.

Embrace this chance to secure your place in the stunning landscape of Herceg Novi and turn this hidden gem into a flourishing venture. The combination of natural beauty, community appeal, and future potential makes this property a worthy addition to any investor’s portfolio. Don’t miss out on this unique opportunity!