In central Riga, this T2 apartment in a restored Art Nouveau building combines a sought-after location, high-quality finishes and long-term property value.
- T2 apartment of 28.7 m²
- Rental status: Available to rent
- Floor: 4/5 (without a lift)
- Aspect: Varies, street or courtyard view
- Building condition: Fully renovated, excellent condition (Completion within 3 months)
- Gross rental yield: from 6.5% to 7.2%
- Net rental yield before tax: from 5.6% to 6.2%
- Net rental yield after tax: 4.9% to 5.5%
- Expected capital return, assuming annual growth in the price per m² of 3 %: 7.9% to 8.5%
- Historical annual growth in the price per m²: 10.1 %
- Gross annual income: 7 641 € to 8 405 €
- Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 896 € to 2 006 €
- Net operating income: 5 745 € to 6 399 €/year
- Sale price: 107 625 €
- Acquisition costs (notary 209 €, taxes 2 153 €, stamp duty 15 €, fees 6 800 €): 9 177 €
- Furnishings: included or customisable
- Renovation: 0 €
- Improvements: included in the total budget
- Total budget: 116 802 € (all expenses included)
- Price per m²: 4 070 €
- Expected net gain on resale in year 6: 42 224 € (ROI: 36.1% ) to 45 455 € (ROI: 38.9%)
- Expected net gain on resale in year 10: 76 494 € (ROI: 65.5% ) to 82 213 € (ROI:70.4%)
- Expected net gain on resale in year 16: 135 015 € (ROI: 115.6%) to 144 905 € (ROI: 124.1%)
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.