Twin Residence in Budapest

Name: Sales in Twin Residence started!
Start: 2022-06-16T10:27:31.051815+00:00
End: 2023-12-31T23:59:59+0000
Location: Twin Residence

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Project info

Object ID: 20534

Finished at	December 2022
Price, m²	From 3410$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.50 m²
Floors	8
Apartments	31
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

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

156,860$

Net profit

6,783$

Payback period

17.4 years

Avg property value increase per year

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About the project

The exterior of the building, with its brick covering the entire façade, tries to preserve a piece of the atmosphere of the former Ferencváros, combining this with the technological equipment of the 21st century, thus creating lovable, well-lived, pleasant living spaces.

On the ground floor of the building there will be 17 parking spaces and 10 storage rooms, we will create a maximum of 4 apartments per floor with spacious, bright common areas and corridors. We will attach a private garden to the apartments on the 1st floor, above it you will be able to choose from mostly living room + 1 and 2 bedroom apartments, with street and courtyard, east and west orientation. On the top floor of the house, large penthouse apartments will be available with eternal panoramic views of the city.

In Central Ferencváros, along the Danube, in the IX. Twin Residence is located in a quiet, low-traffic side street right in the middle of the city's renewable district. Due to its central location, excellent transport facilities, the nearby Soroksári út office corridor and other residential developments, it can be a perfect choice for students, first-time seekers, investors and families alike. In the 9-storey condominium, we will create only 31 apartments, each of which will have a green courtyard, balcony or roof terrace. The Twin Residence is characterized by low maintenance costs, renewable energy, a heat pump system, smart technology and modern technical solutions. Implementation of our latest project is about to begin, follow our website to see how your future home will be built!