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345 000 €

House in Sutomore, Montenegro, 250 sq.m
  • House in Sutomore, Montenegro, 250 sq.m - picture 1
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  • House in Sutomore, Montenegro, 250 sq.m - picture 1
  • House in Sutomore, Montenegro, 250 sq.m - picture 2
  • House in Sutomore, Montenegro, 250 sq.m - picture 3
  • House in Sutomore, Montenegro, 250 sq.m - picture 4
  • House in Sutomore, Montenegro, 250 sq.m - picture 5
  • House in Sutomore, Montenegro, 250 sq.m - picture 6
  • House in Sutomore, Montenegro, 250 sq.m - picture 7
  • House in Sutomore, Montenegro, 250 sq.m - picture 8
  • House in Sutomore, Montenegro, 250 sq.m - picture 9
  • House in Sutomore, Montenegro, 250 sq.m - picture 10
  • House in Sutomore, Montenegro, 250 sq.m - picture 11
  • House in Sutomore, Montenegro, 250 sq.m - picture 12
  • House in Sutomore, Montenegro, 250 sq.m - picture 13
  • House in Sutomore, Montenegro, 250 sq.m - picture 14
  • House in Sutomore, Montenegro, 250 sq.m - picture 15
  • House in Sutomore, Montenegro, 250 sq.m - picture 16
  • House in Sutomore, Montenegro, 250 sq.m - picture 17
  • House in Sutomore, Montenegro, 250 sq.m - picture 18
  • House in Sutomore, Montenegro, 250 sq.m - picture 19
  • Property ID on Prian.info: 3857654
    Property ID on company's website: 5088
    Last update: 10.02.2024
    Number of views: 425

345 000 €

House in Sutomore, Montenegro, 250 sq.m

250 sq.m 6
Residence

  • Property ID on Prian.info: 3857654
    Property ID on company's website: 5088
    Last update: 10.02.2024
    Number of views: 425

Specifications

Sale price 345 000 €
House Area 250 sq.m
Site plot 482 sq.m
Total number of rooms 6
Address Montenegro, Sutomore

Additional services

  • Residence permit upon purchase

Description

A masterpiece on the coast: Your idea...

Description

A masterpiece on the coast: Your ideal home by the sea!

Imagine a three-story house with an area of 180 m², where every morning you can enjoy a stunning view of the sea bay and Malevik beach. Add to this another 50 m² of a cozy terrace and 20 m² of balcony - a place where you can drink your morning coffee or spend the evening with a glass of wine while enjoying the sunset.

The house includes:
- 5 comfortable bedrooms where everyone will find privacy.
- Separate apartment on the ground floor - ideal for guests or rental.
- Living room with kitchen on the second floor, where you can arrange cozy family dinners.
- Two balconies on the third floor offering a breath of luxury and stunning views.

In addition to comfort, the house is equipped with everything you need: electric underfloor heating, inverter air conditioners and fast Internet (160 mgps). The plot of 482 m² has a terraced garden with fruit trees, as well as parking and a garage.

The location of the house is a separate plus. A quiet, green place with no highways or train tracks between you and the beach. Just 10 minutes walk and you are on the beach!

The house underwent a complete reconstruction in 2019 and is 100% legalized. And lastly: construction of a luxury resort is starting nearby, which makes this place even more attractive and promising in terms of investment.

Don't miss the chance to become the owner of this pearl on the coast of the Bar Riviera!

Profitability calculation

ROI Calculation

Let's calculate the income, expenses and financial indicators for the villa based on the data provided.

Income:

1. Daily rent: 350 euros * 130 days = 45,500 euros

Total income for the year: 45,500 euros

Expenses:

1. Advertising: 15% of 45,500 euros = 6,825 euros

2. Annual tax: 690 euros

Total expenses for the year (excluding property turnover tax): 6,825 euros + 690 euros = 7,515 euros

Calculations of indicators of financial efficiency of investments in a villa:

1. Net profit for the year: 45,500 euros (income) - 7,515 euros (expenses) = 37,985 euros

2. Marginal profit: Rental income - advertising costs = 45,500 euros - 6,825 euros = 38,675 euros

3. Capital turnover ratio: 45,500 euros (annual income) / 345,000 euros (villa price) = 0.1319 (or 13.19%)

4. Return on investment (ROI): 37,985 euros (net profit) / 345,000 euros (initial investment) = 0.1101 (or 11.01%)

5. Percentage of total expenses to total income: 7,515 euros (total expenses) / 45,500 euros (total income) = 0.1652 (or 16.52%)

These metrics give you an idea of how your investment is performing for you and what potential it has for future income.


Additional features

House details

  • sea view
  • complete furnishing
  • central water supply

Contact seller

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Cost of accomodation in Sutomore

Cost of accomodation in Sutomore
Restaurants
Cappuccino (regular) 1.27 €
Coke/Pepsi (0.33 liter bottle) 1.33 €
Domestic Beer (0.5 liter draught) 1.40 €
McMeal at McDonalds (or Equivalent Combo Meal) 3.75 €
Meal for 2 People, Mid-range Restaurant, Three-course 15.00 €
Meal, Inexpensive Restaurant 7.00 €
Water (0.33 liter bottle) 0.80 €
Imported Beer (0.33 liter bottle) 1.30 €
Markets
Apples (1kg) 0.97 €
Banana (1kg) 1.27 €
Beef Round (1kg) (or Equivalent Back Leg Red Meat) 8.67 €
Bottle of Wine (Mid-Range) 5.00 €
Chicken Fillets (1kg) 6.19 €
Domestic Beer (0.5 liter bottle) 0.77 €
Eggs (regular) (12) 2.58 €
Lettuce (1 head) 0.90 €
Loaf of Fresh White Bread (500g) 0.80 €
Local Cheese (1kg) 6.33 €
Milk (regular), (1 liter) 0.98 €
Onion (1kg) 1.28 €
Oranges (1kg) 1.27 €
Cigarettes 20 Pack (Marlboro) 3.60 €
Potato (1kg) 0.94 €
Rice (white), (1kg) 1.67 €
Tomato (1kg) 1.67 €
Water (1.5 liter bottle) 0.52 €
Imported Beer (0.33 liter bottle) 1.05 €
Transportation
Gasoline (1 liter) 1.51 €
Taxi 1hour Waiting (Normal Tariff) 5.00 €
Taxi Start (Normal Tariff) 0.50 €
Taxi 1km (Normal Tariff) 0.50 €
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car) 20 000.00 €
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car) 21 500.00 €
Rent Per Month
Apartment (1 bedroom) in City Centre 300.00 €
Apartment (1 bedroom) Outside of Centre 200.00 €
Apartment (3 bedrooms) in City Centre 500.00 €
Apartment (3 bedrooms) Outside of Centre 450.00 €
Utilities (Monthly)
Mobile Phone Monthly Plan with Calls and 10GB+ Data 18.55 €
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment 125.96 €
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL) 22.33 €
Sports And Leisure
Cinema, International Release, 1 Seat 5.00 €
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar) 78.33 €
1 Pair of Men Leather Business Shoes 106.67 €
1 Pair of Nike Running Shoes (Mid-Range) 93.33 €
1 Summer Dress in a Chain Store (Zara, H&M, ...) 18.33 €
Childcare
International Primary School, Yearly for 1 Child 8 413.33 €
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child 69.67 €
Salaries And Financing
Average Monthly Net Salary (After Tax) 800.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.50 %

Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.

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Data on the cost of living is provided by the service Numbeo.com. Prian.info can not in any way guarantee the authenticity and correctness of the data.