CASTANEA RESIDENCE in Sofia

Name: Sales in CASTANEA RESIDENCE started!
Start: 2021-03-09T09:51:57.956342+00:00
End: 2023-12-31T23:59:59+0000
Location: CASTANEA RESIDENCE

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Project info

Object ID: 11426

Finished at	March 2021
Price, m²	From 1200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	5
Apartments	40
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Moesia - NBU 14 min Ovcha Kupel 2 18 min Ovcha Kupel 20 min Gorna Banya 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

51,600$

Net profit

6,783$

Payback period

5.7 years

Avg property value increase per year

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About the project

We got inspiration for the name of our new building CASTANEA RESIDENCE from the Chestnut (Castanea), having in mind its magnificence and the fact that the tree is a symbol of Sofia.

Apart from being emblematic of our Capital, the chestnut is a symbol of longevity and wisdom.

Good architecture combines many components. Behind the good and simple design is the long-term experience of a well-coordinated team, so we believe that the name Castanea fits especially well with the new project of IDEA HOME.

In addition to the strong symbolism, the name brings a sense of elegance and style, qualities that overlap with every aspect of the building.

The modern look of Castanea Residence is achieved through large volumes, elegant shapes and well-considered architectural details, which form a strict but cozy composition. The main color of the building is white to give a feeling of purity and sophistication and to serve as a canvas to achieve contrast between the rest of the ensemble of different materials such as white limestone, light travertine, granite, metal and glass.

The building consists of two main bodies, one on six, the other on three floors, clearly defining the characteristic functionality. Despite the different purpose, a sense of wholeness is recreated, achieved through the specificity of the main architectural elements and a common line on the ground floor. The larger body is residential, with shops and an underground parking area, and the smaller one is provided entirely for the administrative needs of the Ovcha Kupel - Sofia region.

The impeccable architecture, the good and communicative location and the high quality execution make Castanea Residence a unique project on the territory of Ovcha Kupel district.

In the basement will be located 40 basements, 20 double garage cells and several bicycle parking areas.

The ground floor will consist of 7 shops and a spacious lobby to the living area. On the other five floors, there will be 40 residential units with an area of 43 sq.m. up to 104 sq.m.

Developer

IDEA HOME EOOD is a Bulgarian construction and investment company. For over 10 years our team has been designing, investing and building fi…
Details about IDEA HOME