Harmony Terrace in Budapest

Name: Sales in Harmony Terrace started!
Start: 2022-06-13T07:33:12.150143+00:00
End: 2023-12-31T23:59:59+0000
Location: Harmony Terrace

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Project info

Object ID: 20492

Finished at	September 2022
Price, m²	From 5700$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 30.73 m²
Floors	8
Apartments	98
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

171,000$

Net profit

5,906$

Payback period

21.1 years

Avg property value increase per year

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About the project

Harmony Terrace is a 8 storey residential building with the total of 98 flats, located in the 13th district at 18 Angyalföldi Road. The residential building has 1-4 room apartments from 30 m2 to 106 m2. The building deserves its name: we tried to design a modern urban residential building that harmonizes with nature. With its large glass surfaces and terraces, as well as the maximum green space design in the ground floor and first floor courtyards, it creates a real stylish combination for its future owners. Corridors get natural light and ventilation through the façade windows. On the floors, the orientation of the flats is East-South-West, the lighting and orientation of all flats is optimal, there aren’t any north facing flats in the building. Most of the apartments have balconies or terraces.

We wanted to strengthen the sustainability of the building with additional mechanical engineering solutions. During the operation of the building, the use of modern energy-saving lighting and electrical systems and selective waste management will play a significant role. Furthermore, we have designed a water-saving network in the building, which optimizes water use and utilizes rainfall on roofs.

In addition to efficient operation, the funcionality of the building has the highest importance. The high quality insulation of the building ensures the summer climate of the apartments and with the planned mechanical systems solve the heating of the building, as well as the summer cooling. In addition to the use of forward-looking resources, we focused also on the low energy consumption of the mechanical and electrical systems, and the recovery of the energy accumulated in the ventilation systems with heat exchangers.

Developer

GEOS is a reliable international property development company group with a history of almost 15 years, which has earned many prestigious awa…
Details about GEOS