Portier 51 in Mechelen

Name: Sales in Portier 51 started!
Start: 2021-12-02T07:57:48.055468+00:00
End: 2023-12-31T23:59:59+0000
Location: Portier 51

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Project info

Object ID: 16034

Finished at	August 2022
Price, m²	From 4200$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 85.00 m²
Floors	4
Apartments	22
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

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

357,000$

Net profit

9,376$

Payback period

30.4 years

Avg property value increase per year

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About the project

Porter 51 is writing a new chapter on the old library site in Mechelen. This small-scale residential project puts sustainability and cosiness first.

Portier 51 is a cozy green residential project in the heart of Mechelen with 16 apartments and 6 town houses. With the move of the city library in Mechelen, this Triple-A location will be transformed into a new residential area. Portier 51 will be a contemporary interpretation of typical Mechelen living, combining the cosiness of the city center with a unique range of homes and apartments.