RIGA · UNIT 24
Mini studio · 17.3 m² · Floor 3/4 with a lift
North, street view
€78,101 Estimated total budget
5.7–6.5 % Projected average annual net yield over 20 years
€4,427–€5,081/year Projected average annual net income over 20 years
69.2–76.5 % Projected cumulative ROI after 10 years
Estimates are not guaranteed. Long-term projections are not first-year yields.
THE PROPERTY AT A GLANCE
A restored century-old building in central Riga, near the Radisson Conference & Spa. Full ownership.
Building condition: Fully renovated, excellent condition.
Rental status: Letting after the fit-out included in the budget.
Long- or short-term letting possible.
The photos show unit 24.
YOUR BUDGET
Purchase: €50,075 Notary: €209 Acquisition duties: €1,002 Stamp fee: €15 LifeInvest® fees: €6,800 Renovation: €0 Improvements: €13,000 Furniture and kitchen: €7,000
ESTIMATED TOTAL: €78,101
Acquisition costs including fees: €8,026
All-in budget per m²: €4,514/m².
Rounded amounts. Included costs are itemised above.
PROJECTED RENTAL INCOME
Projected annual averages over 20 years
Conservative → high scenario.
Annual gross income: €6,113–€6,877
Gross yield: 7.8–8.8 %
Net yield before local taxation: 6.5–7.4 %
Net yield after local taxation: 5.7–6.5 %
Annual net income: €4,427–€5,081
Average annual costs over 20 years: €1,686–€1,796 Modelled management, accounting, insurance, refurbishment and taxation.
Yields are calculated on the total budget. Net figures include the model’s costs and local taxation, before financing and personal taxation.
PROJECTED LONG-TERM RETURN
Cumulative ROI on resale, not annualised. Conservative → high scenario.
After 6 years Cumulative ROI: 38.4–42.5 % Projected net gain: €29,988–€33,219
After 10 years Cumulative ROI: 69.2–76.5 % Projected net gain: €54,009–€59,728
After 16 years Cumulative ROI: 121.6–134.3 % Projected net gain: €95,008–€104,898
These projections assume, among other factors, annual property appreciation of 3%.
Reservation: €2,000 per property. Subject to the reservation terms. This deposit is included in the total investment budget.
AFTER YOUR RESERVATION
Contact by the next business day. Our team contacts you to confirm your reservation and organise the next steps.
Your investment file We collect your details and prepare your shared workspace: property information, budget and supporting documents.
Support through to completion Follow each step with our team, from preparing the documents to signing.
Projections are estimates. Capital, rental income and future performance are not guaranteed.