Stone House with Large Building Plot

Investing in Coastal Paradise: A Look at Kumbor and Its Potential

Nestled in the picturesque town of Kumbor, Herceg Novi, your investment opportunity unfolds through a stunning stone house accompanied by an expansive building plot. This unique property not only showcases the enchanting Mediterranean lifestyle but also presents a remarkable avenue for growth and prosperity in a flourishing real estate market.

Surroundings and Community Development

Kumbor is a vibrant community poised at the heart of the Montenegrin coastline, which has seen significant investment and development in recent years. The local infrastructure is continuously evolving, with new roads, amenities, and recreational areas enhancing the area’s appeal.

– **Local Amenities**: Enjoy the convenience of grocery stores, restaurants, cafes, and local markets that reflect the rich cultural heritage and culinary delights of Montenegro. Whether you are seeking fresh produce or indulging in local delicacies, Kumbor has it all within reach.

– **Cultural Hub**: The nearby city of Herceg Novi, just a short drive away, is renowned for its historic architecture, vibrant nightlife, and cultural events. From lively summer festivals to tranquil winter markets, there is always something to experience.

– **Natural Attractions**: With stunning beaches and the azure Adriatic Sea within walking distance, residents and visitors are never far from nature’s wonders. Trekkers and adventurers can explore the nearby lush hills, captivating hiking trails, and breathtaking viewpoints that promise unforgettable memories.

Investment Potential: Exploiting the Opportunity

The combination of a traditional stone house and a significant land parcel (2,709 m²) offers remarkable flexibility for resourceful investors. Potential options include the renovation of the existing property, the development of multiple housing units, or the construction of flagged amenities such as boutique hotels.

– **Appeal for Renovation**: Renovating the existing house can enhance its charm while preserving the authentic Montenegrin aesthetic. This presents investors with the possibility of creating a luxurious holiday rental or a family retreat.

– **New Construction Ideas**: The zoning regulations allow for the development of multiple residential units or holiday homes. Imagine a series of modern, prefabricated houses that magnify the breathtaking views, creating a small community of like-minded individuals or a profitable rental portfolio.

Financial Analysis of Your Investment

Breaking down the potential returns on this property unveils the solid investment viability it offers. With a careful approach to development, investors can foresee lucrative rental income streams.

To exemplify, let’s consider the construction of one prefabricated house (90 m²) at a cost of 599€/m²:
– **Total Construction Cost**: 53 910€

Assuming seasonal rentals:
– **Summer Rental Income**: 150€/night for 100 nights = 15 000€
– **Winter Rental Income**: 50€/night for 60 nights = 3 000€

**Total Annual Income**: 18 000€

Calculating the estimated ROI:
– ROI = (18 000€ / 53 910€) * 100 = **33.4%**

This calculation illustrates the potential for high returns, further solidifying the investment’s attractiveness.

Conclusion: A Unique Chance Awaits

Embrace the opportunity to invest in a property that embodies both charm and potential. With its strategic location, expanding community, and significant investment potential, the stone house in Kumbor is not just a purchase; it’s a chance to lay the groundwork for a flourishing future.

Investors seeking to capitalize on the evolving real estate market in Montenegro will find this property an exceptional canvas to paint their visions. Act now and transform this hidden gem into a legacy of success!