In central Riga, this studio in a restored Art Nouveau building combines a sought-after location, high-quality finishes and long-term property value.
- Studio of 29.5 m²
- Rental status: Available to rent
- Floor: 2/5
- Aspect: N/W, street view
- Building condition: Fully renovated, excellent condition
- Gross rental yield: from 5.3% to 5.9%
- Net rental yield before tax: from 4.4% to 5.0%
- Net rental yield after tax: 3.9% to 4.4%
- Expected capital return, assuming annual growth in the price per m² of 3 %: 6.9% to 7.4%
- Historical annual growth in the price per m²: 10.1 %
- Gross annual income: 6 495 € to 7 259 €
- Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 741 € to 1 851 €
- Net operating income: 4 754 € to 5 408 €/year
- Sale price: 113 575 €
- Acquisition costs (notary 209 €, taxes 2 272 €, stamp duty 15 €, fees 6 800 €): 9 295 €
- Furnishings: included or customisable
- Renovation: 0 €
- Improvements: included in the total budget
- Total budget: 122 871 € (all expenses included)
- Price per m²: 4 165 €
- Expected net gain on resale in year 6: 38 148 € (ROI: 31.0% ) to 41 379 € (ROI: 33.7%)
- Expected net gain on resale in year 10: 69 392 € (ROI: 56.5% ) to 75 111 € (ROI: 61.1%)
- Expected net gain on resale in year 16: 122 881 € (ROI: 100.0% ) to 132 771 € (ROI: 108.1%)
Short-term rental possible
*Figures are based on actual high- and low-season rents from our experience.
*We allow for 2 weeks of vacancy per year as a precaution. Full occupancy, which we generally experience, would improve the result.
*Negotiation may be possible when buying several units.
*LifeInvest®: a 360° turnkey service including exclusive properties, a stay in Riga, administrative and tax support, rental management, e-Residency, company formation, and a network of experts with aligned interests to optimise rental income.
Invest in a dynamic market offering modern comfort in a prime Baltic location.
Act promptly: these opportunities are limited.