265,000 € (3,354 €/m²)

79 m²

2 Room

Sale, two bedroom apartment, 79m², Bar, Crna Gora

Bar, Crna Gora

Property description

Description

We offer for sale a two-bedroom apartment with a total area of 79 m2, 100 meters from the sea in the city of Bar.

Apartment structure:

Hallway with a large built-in closet

Living room with panoramic windows and direct sea view, glazed terrace

Dedicated kitchen with large window

Bedroom 1, sea view

Bedroom 2

Bathroom with shower

The apartment is located in a new building with an elevator, the city of Bar, the Ilyino district

There is an opportunity to buy a garage space for 12,500 euros

100 meters to the sea

300 meters to school

800 meters to the city center

Price: 250,000 euros

Calculation of profitability

Liquidity calculation:

Rent 80 euros/day. Maximum occupancy 90 days per season. Income per season 9000. Booking expenses 15%

Income minus Booking 7920 euros.

Possible monthly rent out of season for 800 euros per month for 8 months. Additional income per year = 6400 euros. Total for the year: 14320 euros. Purchase and maintenance costs 250000+700(annual tax+tax) = 250700.

Payback period 250700 euros/ 14320 = 17.5 years. Profitability 14320* = 5.7%

Calculations are given for 2021-2022.

Real estate details

Ad ID

143071

Published

09.06.2023

Property Type

Apartment

Area

79m²

Rooms

Bathrooms

N/A

Location

Bar

Bar, Crna Gora

Price

265,000 €

3,354 € per m²

Agency

Tradegoria

Amenities

Neopremljen

Loan calculator

Property parameters

Property price (€)

Area (m²)

Price per m²: 3354.43 €

Down payment 20%

10%50%

Down payment 53,000 €

Interest 3.5%

1%8%

Period: 30 years

5 yr35 yr

Calculation result

Monthly installment

952 €

360 total installments

Loan amount

212,000 €

Down payment

53,000 €

Total interest

130,711 €

Total payment

342,711 €

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 two-bedroom apartments - Bar

Bar

Montenegro

This property's price is 37.26% higher than the average price of a two bedroom apartment in Bar

Average price: 2443.84 €/m²

This property is 7.34% larger then the average size of a two bedroom apartment in Bar

Average size: 74 m²

2,231 €

Average annual price

+7%

Price trend (annually)

883

Days on the market

Regulatory information

Agency (intermediary)

Tradegoria

Registration number

Location

Crna Gora

Bar

Area

79m²

Structure

2 Rooms

Property Type

Apartment

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.