Terrace Residence in Budapest

Name: Sales in Terrace Residence started!
Start: 2022-06-16T06:24:52.875770+00:00
End: 2023-12-31T23:59:59+0000
Location: Terrace Residence

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Project info

Object ID: 20521

Finished at	December 2020
Price, m²	From 3600$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	6
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

144,000$

Net profit

5,883$

Payback period

17.8 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Terrace Residence

About the project

The Terrace Residence residential park is located in Madárhegy, one of the most popular areas in Újbuda. Almost all of the houses in Madárhegy are newly built, while the area lies in the foothills of Széchenyi Hill, just 15 minutes’ drive from the city centre.

In contrast to the previous phases, the buildings of phase 4 of the Terrace Residence do not feature layered terracing: in the newest phase we are building homes with modern, panoramic, spacious and sun-kissed terraces, featuring penthouse apartments on the top floor of both buildings. Enjoy all the benefits of the great location, with fresh, crystal-clear air and panoramic views of the surrounding green spaces.

We’re not only worried about your comfort; we think about your security too! The relaxed location of the suburbs not only provides calm and pleasant leafy surroundings, but also a lift which takes you directly to your garage.

There is a grocery store, bakery, shops and educational facilities (bilingual kindergarten, schools) close to the residential park. There are direct links to the city centre (Ferenciek Square), less than 15 minutes’ away. The M1 and M7 motorways are just a couple of minutes by car, where you can find a range of shops including Tesco, Auchan, Media Markt, IKEA, Decathlon and Praktiker.

Developer

Cordia is a subsidiary of the highly capitalised, Hungary based Futureal Group, one of Central Europe’s 10 largest property development and …
Details about Cordia