Residentie Elisabeth in Bruges

Name: Sales in Residentie Elisabeth started!
Start: 2022-01-13T12:13:41.656832+00:00
End: 2023-12-31T23:59:59+0000
Location: Residentie Elisabeth

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Project info

Object ID: 17269

Finished at	April 2022
Price, m²	From 3130$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 86.00 m²
Floors	4
Apartments	13
Condition	Turnkey
Construction type	Monolyth
Security	—
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

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

269,180$

Net profit

9,376$

Payback period

22.9 years

Avg property value increase per year

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About the project

Residence Elisabeth is a renovation project of 13 apartments and 2 commercial spaces. The building will be completely stripped and the apartments will be finished with quality products. All apartments have a terrace where the privacy of each resident is guaranteed. There is also a spacious bicycle shed and a wide range of private storage rooms, parking spaces and closed car boxes.

The commercial spaces will not be finished so that the future owners can create their own space.

The Residence Elisabeth is located on the edge of the historic center in Bruges, on the corner of Blokstraat and Koningin Elisabethlaan.

The various shops, facilities and historical sites are located a stone's throw from the project.

The Residence is very accessible by bus and is located 3 km from the station.