RIGA · LATGALES DISTRICT · UNIT 48
18.9 m² studio · Already let
Existing property · furnished, equipped and already let
Living area, kitchenette and bathroom
€43,970
Estimated total budget, fees and budgeted fit-out included
7.1%
Estimated gross rental yield in year 1
4.4%
Estimated net operating yield in year 1
5.5%/year
Estimated average annual net yield over 20 years
Base-case projections · starting rent €260/month · not guaranteed
THE PROPERTY AT A GLANCE
Furnished 18.9 m² studio in Riga’s Latgales district. Resale with a tenant in place: living area with a bed, storage and dining space, kitchenette and bathroom with shower and WC.
Furnished, equipped and already let.
No new renovation or furniture purchases are budgeted, subject to confirmation of condition and inventory.
Reference rental strategy: long-term residential rental.
Current rent of €260/month under a lease until 15 June 2027.
What sets unit 48 apart: a total budget below €44,000, rental income already in place at €260/month and a compact 18.9 m² layout. Interior photographs date from March 2024; condition and inventory will be updated before the sale.
YOUR BUDGET
Purchase: €36,400
Acquisition duties: €546
Stamp fee: €15
Notary: €209
Budgeted renovation: €0
Additional furniture and kitchen: €0
LifeInvest® fees: €6,800
ESTIMATED TOTAL: €43,970
Purchase: €1,926/m².
All-in budget: €2,326/m².
Rounded amounts. Duties modelled at 1.5% for an individual purchaser; the budget must be adapted for a company purchase.
YOUR ESTIMATED INCOME
Year 1 · base case at the current rent
Monthly rent: €260
Annualised gross rent, before vacancy: €3,120
Gross yield: 7.1%
Net operating yield: 4.4%
Estimated annual net income: €1,945
Monthly average: €162
The current rent remains €260/month under the lease until 15 June 2027. €290/month is a reletting target to confirm according to market conditions. It is not contracted and is not the starting rent used in the base-case projections shown. The high case is detailed in the assumptions.
Gross rental yield supports market comparisons over the same time horizon. Net yield also reflects the main operating costs.
Yields are calculated on the total invested budget of €43,970, not solely on the property purchase price.
Net figures after local taxation include modelled operating costs, rental vacancy and local tax, before financing and personal taxation.
Final taxation may vary depending on the investor’s tax residence and ownership structure.
LONG-TERM RENTAL INCOME
Base case · starting rent €260/month
Average annual net yield — 10 years:
4.8%
Average annual net yield — 20 years:
5.5%
Average annual costs over 20 years:
€1,472
Average annual net income over 20 years:
€2,414
PROJECTED RETURN ON RESALE
Cumulative ROI · base case
At 6 years:
16.0%
At 10 years:
45.5%
At 20 years:
133.7%
Cumulative, non-annualised ROI: net rental income and the resale result after modelled costs and tax. The model assumes 3% annual property appreciation from the purchase price excluding fees. Projections are estimates, not guaranteed returns.
Reservation: €2,000 per property.
Subject to the reservation terms. This deposit is included in the total investment budget.
 
For the purchase of several properties, contact us to discuss the most suitable selection.
 
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.