KORTRIJK | GRAAF GWIJDE VAN NAMENSTRAAT in Kortrijk

Name: Sales in KORTRIJK | GRAAF GWIJDE VAN NAMENSTRAAT started!
Start: 2022-01-11T10:57:08.952771+00:00
End: 2023-12-31T23:59:59+0000
Location: KORTRIJK | GRAAF GWIJDE VAN NAMENSTRAAT

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Project info

Object ID: 17189

Finished at	October 2021
Price, m²	From 3500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	3
Apartments	9
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

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

210,000$

Net profit

7,229$

Payback period

22.1 years

Avg property value increase per year

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About the project

Living area: between 36 m² (2 roof apartments), +/- 60 m² and 119 m² (ground floor with garden).

This existing building from the years 1975 was given a total makeover by Albat in 2021. The results are impressive! New facades at the front and back, new roofs, a new elevator that was extended to the top floor, and a new boiler give these apartments a brand new look! Naturally, all apartments were also provided with the necessary insulation, such as double glazing, ventilation, insulated outer walls (with R-plates and crepis) and PUR between the inner walls. As a result, the EPB certificate will undoubtedly yield a very favorable result.