RIGA · CENTRE · UNIT 51
1-bedroom apartment · 30.1 m² · Second floor
Existing property · Built · Visit photos dated 15 October 2026
Separate bedroom · West-facing · Vacant, to renovate and furnish
€116,553
Estimated total budget, fees, renovation and furniture included
5.7–6.2%
Estimated gross rental yield over a stabilised operating year
4.3–4.7%
Estimated net operating yield in year 1 after renovation
5.3–5.9%/year
Projected average annual net yield over 20 years
Conservative to high scenarios · Projections are not guaranteed
THE PROPERTY AT A GLANCE
A 30.1 m², one-bedroom apartment in central Riga, on the second floor (Latvian level 3). The plan shows a living room with kitchen, a separate bedroom and a shower room.
Purchase in its current condition, followed by renovation and furnishing by LifeInvest®.
The cover is an architectural illustration of the building. The unit 51 visit video and photos dated 15 October 2026 show the condition before works. The floor plan illustrates a proposed layout, not an already furnished property. The €71,950 shown on the plan is the seller price, excluding fees and renovation.
Reference strategy: long-term residential rental.
Estimated time to rental income: approximately 120 days after completion. Annual yields below cover twelve operating months after works, rather than the first twelve months after purchase.
YOUR BUDGET
Purchase: €71,950
Acquisition duties: €1,079
Stamp fee: €15
Notary: €209
Renovation allowance — fully invoiced execution: €26,000
Furniture and kitchen: €10,500
LifeInvest® fees: €6,800
ESTIMATED TOTAL: €116,553
Purchase: €2,390/m² · Total budget: €3,872/m²
Rounded amounts. Duties modelled at 1.5%; a company purchase requires an adapted budget. Renovation and furnishing remain allowances subject to confirmed quotations.
YOUR ESTIMATED INCOME
Conservative → high scenario over twelve stabilised operating months.
Monthly rent: €550–€600
Annual gross rent before vacancy: €6,600–€7,200
Gross yield: 5.7–6.2%
Modelled annual net income: €4,972–€5,489
Monthly net average: €414–€457
Net yield: 4.3–4.7%
We show gross rental yield to allow direct comparison with the market. We also calculate what remains after the main operating costs.
Rents are post-renovation estimates, with no current lease. Yields use the total €116,553 budget, after paid management from year 1, accounting, insurance, vacancy and rental income tax modelled at 10%, before financing and additional personal taxation.
LONG-TERM RENTAL INCOME
Average annual net yield — 10 years: 4.7–5.2%
Average annual net yield — 20 years: 5.3–5.9%
Average annual costs over 20 years: €2,038–€2,141
Average annual net income over 20 years: €6,183–€6,827
PROJECTED RETURN ON RESALE
Cumulative, non-annualised ROI · Conservative → high scenario.
At 6 years: 42.1–44.9%
At 10 years: 74.1–79.0%
At 20 years: 169.8–180.8%
Model convention: 3% annual appreciation applied to the total budget, with assumed capital gains tax of 21%. This is not an independent valuation. Purchase costs and works do not automatically translate into resale value; selling costs are excluded.
Reservation: €2,000 per property.
Subject to the reservation terms. This deposit is included in the total investment budget.
AFTER YOUR RESERVATION
Within 24 business hours
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.