In central Riga, this studio in a restored Art Nouveau building combines a sought-after location, high-quality finishes and long-term property value.
- T2 apartment of 31.4 m²
- Rental status: Available to rent
- Floor: 5/6
- Aspect: SE, W
- Building condition: Fully renovated, excellent condition
- Gross rental yield: from 6.4% to 7.7%
- Net rental yield before tax: from 5.5% to 6.7%
- Net rental yield after tax:4.8% to 5.9%
- Expected capital return, assuming annual growth in the price per m² of 3 %: 7.8% to 8.9%
- Historical annual growth in the price per m²: 10.1 %
- Gross annual income: 7 641 € to 9 169 €
- Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 851 € to 2 016 €
- Net operating income: 5 745 € to 7 053 €/year
- Sale price: 109 900 €
- Acquisition costs (notary 209 €, taxes 2 198 €, stamp duty 15 €, fees 6 800 €): 9 222 €
- Furnishings: included or customisable
- Renovation: 0 €
- Improvements: included in the total budget
- Total budget: 119 122 € (all expenses included)
- Price per m²: 3 794 €
- Expected net gain on resale in year 6: 42 518 € (ROI: 35.7% ) to 48 981 € (ROI: 41.1%)
- Expected net gain on resale in year 10: 77 059 € (ROI: 64.7% ) to 88 496 € (ROI: 74.3%)
- Expected net gain on resale in year 16: 136 048 € (ROI: 114.2% ) to 155 829 € (ROI: 130.8%)
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.