Borgerwijk in Mechelen

Name: Sales in Borgerwijk started!
Start: 2021-12-23T07:36:30.034933+00:00
End: 2023-12-31T23:59:59+0000
Location: Borgerwijk

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Project info

Object ID: 16757

Finished at	October 2023
Price, m²	From 2800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	4
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

168,000$

Net profit

7,229$

Payback period

17.7 years

Avg property value increase per year

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About the project

Borgerwijk stands for a rich past with a bright future.

The monumental seminary building will be rejuvenated – with respect for the heritage – and a new destination. Think of a local shop, brasserie, office spaces, doctor's surgery, ... Several new buildings are also being added. Anyone who comes to live here opts for peace and closeness at the same time.

Borgerwijk will be a community of residents, visitors, care recipients and carriers, artists and entrepreneurs. The wooded park becomes a central meeting place and provides oxygen for everyone.