Element Letnany in Prague

Name: Sales in Element Letnany started!
Start: 2021-03-18T07:06:47.358286+00:00
End: 2023-12-31T23:59:59+0000
Location: Element Letnany

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Project info

Object ID: 11603

Finished at	July 2019
Price, m²	From 4500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 107.00 m²
Floors	4
Apartments	107
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Letňany 11 min Prosek 17 min Střížkov 21 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

481,500$

Net profit

9,376$

Payback period

41.0 years

Avg property value increase per year

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About the project

Geosan Development's new project is a residential building "Element Letnany" on Tupolev Street in the Prague 9 - Letnany district. The new building has 107 residential units with a layout of 1 + kk - 3 + kk. While small studios are designed for individuals and young couples as “retirement homes”, large apartments are especially appreciated by families with children. Each apartment has a storage room for seasonal items, it is possible to use the carriage house basement and a storage room for bicycles. There is also a sufficient number of parking spaces for apartment owners.

Location:

Letняany, where the new apartment building is located, is located in the northeastern part of Prague and is an area with excellent civic amenities and transport accessibility, both by own car and by PID lines. The nearest bus stop "Tupolev" is just 200 meters from the house, metro station C "Letnany" is one kilometer away. From here you are at Wenceslas Square in 18 minutes, and in the Southern Town in half an hour.

Tupolev Kindergarten and Primary School are just 350 meters away, and General Frantisek Veitl's General and Kindergarten is 1.5 km away. Nearby there is also a primary and kindergarten for children with combined disabilities, ROSE SCHOOL KROKODILA (400 m). Just 1.5 km from the residential building there is a secondary school, namely the Secondary School of Media Graphics and Printing. Just 750 m away you will reach the nearby OC Letňany shopping center, where you can not only shop but also find the Cinema City multi-cinema.

In the immediate vicinity of the Element Letňany residential building there are several sports facilities where you can actively spend your free time, such as the Letňany Lagoon water park (300 meters), Ice Czech Letňany ice stadium (500 meters), Sportcentrum Letňany with tennis or badminton (600 meters) or try the first wave on the simulator at the Surf Arena (550 m). If, on the other hand, you want to relax and unwind, head to Letняany Forest Park (2.5 km) or Friendship Park (2.2 km). At the nearby airport in Letняany, you can rent a plane or pay for a sightseeing flight over Prague and other places in the area, such as a flight to Karlštejn.