Solt 44 in Budapest

Name: Sales in Solt 44 started!
Start: 2022-06-16T07:03:56.392395+00:00
End: 2023-12-31T23:59:59+0000
Location: Solt 44

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Project info

Object ID: 20524

Finished at	December 2022
Price, m²	From 4500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	4
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
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

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
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		193		8078$
Average		52%		37$

Total invested

180,000$

Net profit

5,883$

Payback period

22.3 years

Avg property value increase per year

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About the project

The newest condominium of our company will be built in the most popular part of the district, in Kelenföld, at the end of Solt Street, in a quiet, small-town area. The infrastructure of the area is excellent, the Kelenföld railway station, the 4th metro terminal and the 3rd largest plaza in Hungary, Etele Plaza, are within walking distance. You won’t even have to take children far away, as there is a nursery, kindergarten, primary school, school and even a university in the area. Several services, including a restaurant and a pharmacy, are only a short walk away, and thanks to the well-developed public transport, the Allee and the Újbuda Center are only a few minutes away. The part of the city is constantly evolving, so the area is becoming more and more livable day by day.

The location of the design is Budapest, XI. district Andor utca - an area on the corner of Solt utca with an axis parallel to Andor utca. According to the regulations of the regulation plan, the maximum floor area per building in the area can be a maximum of 700 m2, accordingly, 2 independent buildings were placed on the site with an area of 4016 m2. The two buildings have almost the same design without basements. From the staircase on the ground floor 4-4 apartments, I and II. upstairs 7-7 apartments, on the III. 4th floor, IV. upstairs 1 apartment opens. A total of 23 apartments per building.

Andor Street is on the north side of the area. During the installation of the house, we took into account the unfavorable noise impact of the traffic on Andor Street. In the buildings under construction, the apartments were oriented only to the south, turning the apartments away from the busy road. Only service rooms, such as the kitchen or bathroom, were moved towards Andor Street. As a result, most of the apartments are “ventilated”, and the kitchen and bathroom often have windows, but the living rooms, such as the living room and living room, face the adjoining south-facing areas, which reduces their noise exposure to a minimum.

Developer

With several years of experience in real estate distribution and real estate development, Goodwill Property Kft. Has started to build condom…
Details about Goodwill