De Boomgaard in Hasselt

Name: Sales in De Boomgaard started!
Start: 2022-01-14T07:43:23.102542+00:00
End: 2023-12-31T23:59:59+0000
Location: De Boomgaard

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Project info

Object ID: 17284

Finished at	September 2022
Price, m²	From 2600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	5
Apartments	11
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

156,000$

Net profit

7,229$

Payback period

16.4 years

Avg property value increase per year

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About the project

The project area is located just beyond the urban outer ring, a stone's throw from the city center and with a direct and smooth connection to the E313. It is part of BPA no. 62 bis Ekkelgarden and has been designated as an area for urban villas in the park.

The residential blocks will be embedded in a green park that connects to the green buffer along the future hospital site.

The design of the new residential block must be in harmony with the 2 lively blocks of Le Clos d'Or on the neighboring plot. Initially, Brocap obtained an approved environmental permit for the construction of an urban villa of 11 apartments. These apartments overlook a beautiful green, open park.