One-Bedroom Apartment in Igalo

Investment Opportunity: One-Bedroom Apartment in Igalo

Are you searching for an enticing investment opportunity in a picturesque location? Look no further than this charming one-bedroom apartment in Igalo, Herceg Novi. Nestled just steps from the stunning Adriatic Sea, this property is not merely a place to reside; it’s a chance to embrace a lifestyle filled with sun, sea, and a wealth of experiences waiting to be discovered.

Location and Accessibility

Igalo, part of the vibrant Herceg Novi, boasts a strategic location easily accessible from major cities and transport links. As you explore this beautiful area, you will find:

– **Proximity to the Sea**: A quick walk brings you to the pristine beaches, where you can bask in the sun or enjoy water sports.
– **Local Amenities**: Bustling markets, charming cafes, and excellent restaurants are nearby, providing residents and visitors with a taste of local culture and cuisine.
– **Transportation**: The area is well-connected to nearby towns and cities, making it convenient for excursions and exploration of the stunning Montenegrin coastline.

Community and Lifestyle

Living in Igalo offers not just a home but a vibrant lifestyle. The local community is friendly and welcoming, creating an atmosphere where you can form meaningful connections whether you plan to visit occasionally or reside year-round. Imagine sipping coffee in the morning sun, taking leisurely strolls along the waterfront promenade, or engaging in local festivities celebrating the rich cultural heritage of the region.

Points of Interest

The allure of Igalo goes beyond its beautiful beaches and tranquil lifestyle. Here are some noteworthy attractions within easy reach:

– **The Institute Dr. Simo Milosevic**: Known for its wellness and rehabilitation services, this institute draws visitors from around the globe seeking health and rejuvenation.
– **Historical Sites**: Explore the ancient fortifications and charming old town of Herceg Novi, filled with historical significance and picturesque architecture.
– **Outdoor Activities**: The surrounding hills offer hiking trails with breathtaking views of the Bay of Kotor, a UNESCO World Heritage site, perfect for adventurers and nature lovers alike.

Analyzing the Rental Market

With the property’s prime location and appeal, investing in this one-bedroom apartment presents an opportunity for excellent returns. The rental market in Herceg Novi, particularly during the summer tourist season, is booming, with many vacationers seeking comfortable accommodations close to the sea.

Consider these rental scenarios:

– **Summer Rentals**: With a vibrant influx of tourists, you can expect monthly earnings in the range of 1 000€ to 1 500€, especially during peak months.
– **Winter Rentals**: Though quieter, the winter months provide steady rental income averaging 400€ to 600€, ensuring Year-round cash flow and occupancy.

ROI Insights

Let’s dive into the numbers to analyze the potential Return on Investment (ROI) for your new property.

ROI Calculation:
Utilizing the previous renting rates:
– Summer rental for 4 months at 1 200€: (1 200€ x 4) = 4 800€
– Winter rental for 8 months at 500€: (500€ x 8) = 4 000€

Combining both yields an annual rental income of 8 800€. With the initial investment set at 97 000€, the ROI can be calculated as follows:
ROI: (8 800€ / 97 000€) x 100 = 9.95%.

This impressive ROI of about 9.95% positions this apartment as a wise investment choice—not just a beautiful getaway but a lucrative addition to your portfolio.

Final Thoughts

Owning a one-bedroom apartment in Igalo is more than just a purchase; it is an investment in a lifestyle filled with beauty, comfort, and opportunity. With its strategic location, robust rental potential, and proximity to local amenities, this property offers everything an investor could desire. Embrace the chance to secure your slice of paradise in this enchanting corner of Montenegro today!