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 28.6 m²
Rental status: Available to rent
Floor: 4/5 (with a lift)
Aspect: N/W, street view
Building condition: Fully renovated, excellent condition
Gross rental yield: from 5.8% to 7.0%
Net rental yield before tax: from 4.8% to 6.1%
Net rental yield after tax: 4.3% to 5.4%
Expected capital return, assuming annual growth in the price per m² of 3 %: 7.3% to 8.4%
Historical annual growth in the price per m²: 10.1 %
Gross annual income: 6 877 € to 8 405 €
Average annual costs over 20 years, including management, accounting, insurance, refurbishment and taxes: 1 786 € to 2 006 €
Net operating income: 5 091 € to 6 400 €/year
Sale price: 100 100 €
Acquisition costs (notary 209 €, taxes 2 202 €, stamp duty 15 €, fees 6 800 €): 9 226 €
Furnishings: included or customisable
Renovation: 0 €
Improvements: included in the total budget
Total budget: 119 336 € (all expenses included)
Price per m²: 4 173 €
Expected net gain on resale in year 6: 39 315 € (ROI: 32.9%) to 45 777 € (ROI: 38.4%)
Expected net gain on resale in year 10: 71 392 € (ROI: 59.8% ) to 82 829 € (ROI: 69.4%)
Expected net gain on resale in year 16: 126 253 € (ROI: 105.8%) to 146 033 € (ROI: 122.4%)
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.