Old Stone House in Renovation, Zagora

Explore the Enchantment of Zagora: A Unique Investment Opportunity

Imagine waking up to the sounds of nature, with panoramic views of the azure sea stretching before you. This is not just a dream; it can become your reality with the purchase of this one-of-a-kind stone house in the exquisite Grbavica Valley of Kotor. Built in 1919 and undergoing thoughtful renovations, this property stands as a testament to the beauty of both history and modern living.

A Blend of History and Modern Amenities

As you step inside this charming stone house, you’ll be greeted by a harmonious blend of rustic charm and contemporary design. The home is being thoughtfully reimagined to feature:

• A spacious living room perfect for gatherings with friends and family.


• A modern kitchen designed for culinary adventures.


• Two generous bedrooms and a bathroom on the second floor for comfort and privacy.


• An attic bedroom with an ensuite bath, ideal for guests or as a luxurious master suite.

The total living space of 140 m² integrates seamlessly with the 500 m² surrounding plot, allowing for outdoor entertainment and relaxation. Imagine hosting summer barbecues or enjoying quiet evenings by the pool as the sun sets over the horizon.

Thriving Local Development and Attractions

The property’s location in Zagora offers more than just a serene environment; it is at the heart of a booming area poised for growth. With development initiatives enhancing local infrastructure and amenities, investors can look forward to increasing property values and rental demands. Nearby points of interest include:

• Trsteno Beach: A pristine beach just 3 km away, perfect for sunbathers and water sports enthusiasts.


• Jaz Beach: Located 5 km from the property, this beach is renowned for its vibrant atmosphere and events.


• Cultural Hotspots: The historic towns of Budva and Kotor are a brief drive away, offering rich culture, dining, and entertainment options.

With Tivat airport only a short drive away, accessibility for international guests makes this property even more appealing for rental purposes. The increasing interest in Montenegro as a travel destination translates into higher potential for occupancy rates and price appreciation.

Rental Potential and Return on Investment

Investing in this old stone house not only promises a stunning place to unwind, but it also provides a remarkable rental income opportunity. With the average summer rental rates around 150€ per night and a winter rate of about 100€, you can generate a reliable income stream.

Creative ROI Calculation

Let’s break it down:

• Summer: 150€ x 70% occupancy x 90 days = 10 500€


• Winter: 100€ x 30% occupancy x 90 days = 2 700€


• Total Annual Rental Income: 13 200€

Considering the initial investment of 374 000€, the return on investment is:

ROI = (Annual Income / Purchase Price) x 100 = (13 200€ / 374 000€) x 100 = 3.88%.

Conclusion

This stone house in Zagora is not just a piece of property; it’s an invitation to embrace the beauty of the Montenegrin lifestyle while securing a profitable investment. With a solid expected return and a plethora of leisure activities right at your doorstep, this opportunity is not to be missed. Dive into the rich tapestry of life in Kotor and watch your investment flourish.