Westside Residence in Budapest

Name: Sales in Westside Residence started!
Start: 2022-06-14T10:39:56.881089+00:00
End: 2023-12-31T23:59:59+0000
Location: Westside Residence

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Project info

Object ID: 20505

Finished at	April 2023
Price, m²	From 3800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 36.60 m²
Floors	8
Apartments	212
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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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

136,800$

Net profit

5,883$

Payback period

16.9 years

Avg property value increase per year

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About the project

The development realised on an area of more than 3,500 m2 includes 212 apartments, 10 shops and – for the convenience of residents – a parking garage capable of accommodating 229 passenger cars.

The building will be constructed on the corner lot located at the intersection of Bulcsú and Szabolcs Streets. The main facade faces Bulcsú Street; the two passage blocks and the ground floor car park’s entry ramp can both be approached from this side. In line with the development plan, a 3.5-metre-wide arcade will be constructed on the facade overlooking Bulcsú Street. The building’s ground floor will host commercial areas on both street fronts and apartments will be constructed in areas with access to the inner garden. The other above-ground levels of the building will house apartments.

Developer

Biggeorge Property is one of the biggest real estate developer companies with private Hungarian ownership, working for more than twenty year…
Details about Biggeorge Property