NOVE HOMES in Sofia

Name: Sales in NOVE HOMES started!
Start: 2021-05-28T07:19:26.496501+00:00
End: 2023-12-31T23:59:59+0000
Location: NOVE HOMES

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Project info

Object ID: 12358

Finished at	September 2022
Price, m²	From 1160$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 58.00 m²
Floors	16
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near supermarket Nearby subway stations Tsar Boris III Blvd - Krasno selo 3 min Ovcha Kupel 13 min
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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

67,280$

Net profit

7,229$

Payback period

7.1 years

Avg property value increase per year

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About the project

Apartment complex in Krasno selo NOVE HOMES is located in the southwestern part of Sofia, near one of the main roads in the city - Tsar Boris III Boulevard and next to one of the best developed neighborhoods Lagera, Slavia and Krasno Selo.

The terrain is located behind a series of buildings located on the local lane of Tsar Boris III Boulevard, which turns it into a quiet and peaceful residential area.

From the point of view of property selection, the region is one of the most preferred in the capital, due to the well-developed road and public infrastructure, the existing green areas and park spaces and the panoramic view of Vitosha Mountain.

The location is extremely communicative with quick access to the central and administrative part of the city, as well as to South Park and the Southern Tangent of the Ring Road.

Renovated pedestrian routes and bike lanes have been built in the area, and meters from the closed complex NOVE HOMES in Krasno Selo there are several stops from the public transport network, as well as the newly built metro station Krasno Selo.