Crombrugghe in Bruges

Name: Crombrugghe
Brand: Novus Projects
SKU: 16250
Availability: InStock

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Project info

Object ID: 16250

Finished at	December 2022
Price, m²	From 4830$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	4
Apartments	24
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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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

260,820$

Net profit

7,229$

Payback period

27.5 years

Avg property value increase per year

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About the project

This small-scale new development 'Crombrugghe' enjoys a very central location on the Blankenbergse Steenweg, within walking distance of the center of Bruges, with a view of the water and close to all approach roads, public transport, numerous shops and many cycling and walking routes. 'Crombrugghe' consists of 24 apartments with 1 or 2 bedrooms, all with a good, sunny orientation. The apartments on the ground floor also have a garden. There is an above-ground parking with garages or carports, a communal bicycle shed and a green outdoor area.