Three-Bedroom Apartment with Garden Near Old Town

Discovering the Charm of Kotor: A Gem for Investors

Imagine living just a stone’s throw away from the stunning historical landscape of Kotor, a UNESCO World Heritage site that draws visitors from all corners of the globe. This spacious three-bedroom apartment with a beautiful garden is not just a home; it’s a gateway to a lifestyle imbued with rich cultural experiences and modern conveniences. Nestled in a serene residential area, this property is perfectly positioned for both comfortable living and lucrative rental opportunities.

Dynamic Development Surrounding Kotor

Kotor is experiencing a vibrant renaissance, with numerous developments enhancing the area’s appeal for residents and tourists alike. New cafes, restaurants, and boutiques are popping up along the charming cobbled streets, creating a dynamic atmosphere that attracts both locals and visitors. As a result, property values in the region have shown consistent growth, and investing in real estate here promises to be a fruitful venture.

Here’s a quick snapshot of what’s happening in Kotor:
– **Modern Amenities:** With the opening of new shopping venues and recreational facilities, the local infrastructure is steadily improving.
– **Cultural Attractions:** The annual Kotor Carnival and other cultural festivals continue to draw large crowds, further establishing Kotor as a hub for tourism.
– **Fleet of Services:** The presence of local service providers, from healthcare facilities to educational institutions, makes it an ideal location for families as well as investors.

Points of Interest Just Minutes Away

Beyond the charming apartment itself, living near Kotor’s Old Town means you’ll be surrounded by stunning sights and activities. Here are some highlights:
– **Kotor Aquarium:** Perfect for family outings, this small aquarium is a delightful stop for animal lovers and children.
– **Fortress of San Giovanni:** Hike up to the fortress for breathtaking views of the bay—a must-see for any visitor and a fantastic backdrop for stunning photographs.
– **Local Beaches:** With beautiful beaches within a short walking distance, residents can easily enjoy the sun and sand any day of the week.

Garden Serenity: A Hidden Oasis

Envision stepping out of your living room to a tranquil garden space that spans approximately 100 m². This outdoor haven is perfect for lazy Sundays, summer barbecues, or simply enjoying a good book beneath the shade. The garden presents an opportunity for hobbies, be it gardening orcreating a relaxing space for guests, elevating your living experience considerably.

A Reliable Investment for Your Future

The rental market in Kotor is booming, and here’s why you should consider this property as an investment. With warm summers and mild winters, Kotor attracts tourists year-round, ensuring both seasonal and long-term rental prospects are bright.

Let’s break down the investment potential:
– **Strong Rental Demand:** With its close proximity to the Old Town, your apartment is likely to attract a range of clientele, from holidaymakers to long-term renters.
– **Diverse Rental Opportunities:** Thanks to the rich history and stunning nature surrounding Kotor, your property can cater to a wide array of guests.

Simplified ROI Calculation Revisited

By considering the potential rental income:
– Average summer rent of 150€ per night for 90 days totals 13 500€.
– Average winter rent of 90€ per night for 120 days totals 10 800€.
– This yields a total annual rental income of 24 300€.

When we factor in an estimated annual cost of 5 000€ for maintenance and utilities, the anticipated net income stands at 19 300€, leading to an impressive ROI of approximately 10.5%.

Conclusion: The Right Move for Investors

Investing in this three-bedroom apartment not only offers a robust income stream but also positions you in a thriving location ripe with potential. With the allure of the Old Town, burgeoning local amenities, and the charm of Kotor, this property represents more than just bricks and mortar—it’s about embracing a lifestyle filled with opportunity and beauty. Don’t miss your chance to be part of this flourishing area!