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Description
Description
New four-story house in Utekha near the sea
House area 195 m2
Plot - 200 m2
Sea view
Layout: on the ground floor there are 2 bedrooms, a bathroom, a corridor. On the 1st floor there is a garage of 12.7 m2, which can be converted into a room, a living room of 21.82 m2, a corridor, a terrace of 5.49 m2. On the 2nd floor there is a large living room of 26.9 m2, a bathroom, a large view terrace of 13.86 m2. On the third floor there is a bedroom of 8 m2, a patio for relaxation of 34.12 m2.
There is a plot in front of the house.
200 meters to the sea along steps to a small bay.
The nearest restaurant is 200 meters away.
The house is perfect for a summer holiday away from the hustle and bustle, as well as for seasonal rental.
Profitability calculation
Liquidity calculation:
Rent 200 euros/day. Maximum occupancy 70 days per season. Income per season 14000. Booking expenses 15%
Profitability minus Booking 11900 euros.
Possible monthly rental out of season for 1000 euros per month for 8 months. Additional income for the year = 8000 euros. Total for the year: 19,900 euros. Purchase and maintenance costs 180,000 + 800 (annual tax + tax) = 188,000.
Payback period 188,000 euros / 19,900 = 9.4 years. Profitability 19900*06*/****-*** = 10.6%
Calculations are given for 2021-2022.
Basic characteristics
- Reference ID: 142565
- Published: 09.06.2023
- Updated: 09.06.2023
- Real Estate Ad published by: Tradegoria
- Address: Utjeha
- Neighborhood: Utjeha
- Price: 150,000€
- Square footage: 195m2
Utjeha, Bar, Crna Gora
Utjeha is a small coastal village in the area between Bar and Ulcinj. It is a village located on the coast surrounded by olive trees, so it is also called the olive grove. Due to its isolation from larger settlements, it is known for its peace, quiet, and absence of crowds. The beautiful beach, warm sea and plenty of sun, olive tree shade and exceptional service and kindness of the locals, has rightly received the highest tourist award - "the blue flag". There are several cafes and nightclubs on the beach. All these attributes attract the attention of a growing number of investors to buy apartments, seaside houses and modern villas.