Torenhof in Antwerp

Name: Sales in Torenhof started!
Start: 2021-12-17T08:21:41.587275+00:00
End: 2023-12-31T23:59:59+0000
Location: Torenhof

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Project info

Object ID: 16503

Finished at	June 2021
Price, m²	From 4200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	3
Apartments	24
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

252,000$

Net profit

7,229$

Payback period

26.5 years

Avg property value increase per year

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About the project

Next to the Torenhof Castle Hotel, 24 new apartments have been built, harmoniously combining contemporary architecture with the green surroundings. Every apartment has a splendid view over the municipality park behind it and residents can benefit from the wellness facilities of the hotel next door.

Westmalle’s center, with plenty of cozy shops and restaurants, is within walking distance of this majestic housing domain.