Meteor Balart in Bursa

Name: Sales in Meteor Balart started!
Start: 2020-02-28T07:55:34.362433+00:00
End: 2023-12-31T23:59:59+0000
Location: Meteor Balart

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Project info

Object ID: 5402

Finished at	September 2017
Price, m²	From 250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 178.00 m²
Floors	7
Apartments	64
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Spa Fitness Pool Kids playground Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

44,500$

Net profit

9,376$

Payback period

3.8 years

Avg property value increase per year

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Promos and discounts for Meteor Balart

About the project

The Meteor Balart project, built by Meteor İnşaat, consists of 64 apartments in 4 blocks. In the project, 2 + 1 flats are designed as gross 178, net 100 square meters, 3 + 1 flats as gross 197, net 149 square meters, 4 + 1 duplexes as gross 312 and net 235 square meters. Meteor Balart has 16 2 + 1, 40 3 + 1, 8 4 + 1 duplexes.

Bursa's recently shining region was Balat. Balat Neighborhood of Nilüfer district is rising with branded housing projects. Meteor Balart, which Meteor İnşaat built in this region, was designed as a boutique concept project. In the project, 2 + 1 flats are located on the garden floor, 3 + 1 flats are located on the intermediate floors and 4 + 1 flats are located on the roof floor as duplex. The project is expected to make a 20 percent premium until delivery. Once completed, 2 + 1 apartments are expected to find tenants from a minimum of 1,300 TL.

The reason for the high gross area of 2 + 1 apartments in the project; These apartments are located on the garden floor and have a minimum 30 square meter garden area that is open to their own use. In addition, 4 garden floor flats are located on the 1st floor due to the elevation difference in the site and higher than the walking areas of the site. Vehicle traffic is not included in the site. Thus, children can play safely and comfortably on the site. The outdoor pool and outdoor playgrounds are located in the center of the site. Families will be able to constantly watch their children who enter the pool or play with friends from the balcony in the site garden.