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 25.9 m²
- Rental status: Available to rent
- Floor: Ground floor/5
- Aspect: N/W courtyard view
- Building condition: Fully renovated, excellent condition
- Gross rental yield: from 6.5% to 7.3%
- Net rental yield before tax: from 5.4% to 6.2%
- Net rental yield after tax: 4.8% to 5.4%
- Expected capital return, assuming annual growth in the price per m² of 3 %: 7.8% to 8.4%
- Historical annual growth in the price per m²: 10.1 %
- Gross annual income: 6 495 € to 7 260 €
- 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: 90 650 €
- Acquisition costs (notary 209 €, taxes 1 813 €, stamp duty 15 €, fees 6 800 €): 8 837 €
- Furnishings: included or customisable
- Renovation: 0 €
- Improvements: included in the total budget
- Total budget: 99 487 € (all expenses included)
- Price per m²: 3 841 €
- Expected net gain on resale in year 6: 35 177 € (ROI: 35.4% ) to 38 408 € (ROI: 38.6%)
- Expected net gain on resale in year 10: 63 707 € (ROI: 64.0% ) to 69 426 € (ROI:69.8%)
- Expected net gain on resale in year 16: 112 472 € (ROI: 113.1%) to 122 363 € (ROI: 123.0%)
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.