426,000 € (3,000 €/m²)
142 m²
3 Room
1 Bathroom

Sale, house, 142m², Budva, Crna Gora

Budva, Crna Gora

Property description

In Zagora, one of the small settlements on Montenegro's Grbalj Peninsula, stands a completely restored stone house built in 1919. This is not a stylized modern villa, but a historic building that preserves the character of traditional Montenegrin coastal stone architecture.

The house is located approximately 2 kilometers from the sea, in the tranquil rural setting of Grbalj. This location combines proximity to the coast with increased privacy and a lack of the dense urban development typical of the more touristy areas of the Budva Riviera.

The house measures 142 m² and has a plot of 500 m². The villa occupies two floors and is suitable for occupancy or use as a private vacation home.

During the restoration, the building's historical features were preserved, while the necessary structural and engineering renovations were carried out. The floors have been completely replaced, new windows and doors have been installed, bathrooms have been fitted, and electricity has been installed. A water tank is used for water supply, and a septic tank is used for sewerage. The house has an access road.

The 500 m² plot provides space for a private garden, recreation area, and parking. Due to the size of the plot and the character of the building, the property is suitable not only for personal residence but also for a small rental villa with a distinct local identity.

For buyers seeking traditional Montenegrin real estate rather than a standard apartment in a new residential complex, historic stone houses represent a distinct market category. Such properties are attractive due to their combination of architectural authenticity, limited availability, and the ability to use the property for both personal vacation rentals and tourist rentals.

This villa is particularly interesting because the main restoration work has already been completed.

Real estate details

Property Type House
Location Budva, Crna Gora
Price 426,000 € (3,000 € per m²)
Published 08.12.2023
Eduard Langebraun

Loan calculator

Property parameters

Price per m²: 3000.00 €

Down payment 85,200 €

10%50%
1%8%
5 yr35 yr

Calculation result

Monthly installment
2,065 €

240 total installments

Loan amount
340,800 €
Down payment
85,200 €
Total interest
154,843 €
Total payment
495,643 €

Note: This calculation is for informational purposes only. Actual loan terms may vary depending on the bank, credit rating, and other factors. Please consult your bank for exact conditions.

Average prices of three-bedroom houses - Budva

Budva
Montenegro

This property's price is 20.28% lower than the average price of a in Budva

Average price: 3763.12 €/m²

This property is 30.26% smaller then the average size of a in Budva

Average size: 204 m²

3,368 €
Average annual price
+10%
Price trend (annually)
1060
Days on the market

Regulatory information

Agency (intermediary)

Westhill Property

Registration number

-

Westhill Property

Location

Crna Gora , Budva

Area

142m²

Structure

3 rooms

Property Type

House

This information is mandatory under the Law on Mediation in the Sale and Lease of Real Estate of Montenegro. All intermediaries must be registered in the Register of Intermediaries maintained by the competent ministry.

Eduard Langebraun

Agency

Westhill PropertyView agency

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