Two-bedroom apartment in the Admiral building on Mediteranska Street in Budva
Budva
340.000 €
Area
72 m²
Rooms
2
Floor
1
PROPERTY DESCRIPTION
Area: 72m2
Floor: 3
Elevator: yes
Apartment structure: hallway, kitchen with dining area, living room, 2 bedrooms, bathroom, toilet, terrace with sea view.
The apartment is fully south-oriented.
Furnished: fully equipped kitchen and built-in wardrobes (included in the price).
Profitability Calculation
Rental 170 euros / day. Maximum occupancy is 90 days per season. Profitability per season 15300. Reservation costs 15%
Profitability minus Reservation 13005 euros.
Possible monthly lease off-season for 700 euros per month for 8 months. Additional annual income = 5600 euros. Total for the year: 18605 euros.
Purchase and maintenance costs 340,000+ 10,200 (one-time property transfer tax 3%) + 800 (annual tax + tax) + 580 (MC) = 351,580.
Payback period 351580 euros / 18605 = 18.9 years. Profitability 17075*100/351580 = 5.3%
Calculations are given for 2021-2022.
Amenities
- Furnished
- Sea view
Location
Budva
The exact location is not provided — the property is in Budva. Contact the advertiser for details.
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Questions about this property
What is the price per square metre?
At 340.000 € for 72 m², this listing works out to 4.722 € per square metre. Compare it with the city average in the market card on this page.
Which floor is it on, and is there a lift?
The property is on floor 1. No information about a lift was provided.
How do I arrange a viewing?
Call the number or send a message from the contact card on this page — you reach the advertiser directly, with no middleman and no booking fee. Viewings are usually arranged within a day or two.
What does buying cost for foreign nationals?
Foreign nationals buy apartments, houses and commercial units in Montenegro on the same terms as locals. On top of the price, budget for the real estate transfer tax (3% up to €150,000, 5% on the portion between €150,000 and €500,000, 6% on the portion above €500,000; new builds bought from a VAT-registered developer carry 21% VAT instead of the tax), the notary fee and the land registry charges. Agricultural land and forests must be bought through a locally registered company.
Is this listing still available?
The listing is active and the property is for sale. Contact the advertiser to confirm the latest status.