An old reconstructed complex of houses in Radovici — 535,000 euros
Historical housing with unique architecture and the possibility of individual decoration
Object parameters:
Location: Radovichi, near the luxury Lustica Bay complex
Year of construction: 1701
The area of three buildings: 383.67 m2
Land area: 328 m2
Number of residential units: 4, with the possibility of increasing
Price: 535,000 euros
Parking: There is a large public parking nearby
Communications: City water, electricity, sewerage
Description of the complex
The old complex of houses offered for sale was built in 1701 and completely reconstructed with preservation of historical architecture. Located in the center of the village of Radovichi, which is under UNESCO protection, it is a unique object with a rich historical heritage. The reconstruction was carried out using ancient stone, which completely preserved the authenticity of the buildings, but at the same time the structures were reinforced with concrete, which meets modern safety requirements.
The complex consists of four separate residential units with internal and external courtyards and a barbecue area. The future owner will be able to choose the interior decoration himself, which makes it possible to create his dream home in historical walls.
It is also possible to increase the number of residential units by dividing the premises into apartments, which makes this facility especially attractive to investors. Additionally, you can purchase a plot for the installation of a swimming pool, which will increase the comfort of living or increase the attractiveness for renting.
Radovichi: The charm of an ancient village
Radovichi is a cozy village located next to the prestigious Lustica Bay complex. Famous for its historical architecture, ancient temples and stunning mountain views, including Mount Lovcen, Radovici offers an atmosphere of tranquility and privacy.
Despite its small size, the village has a well-developed infrastructure and all the necessary amenities for a comfortable stay. Its advantageous location near such large facilities as Lustica Bay and Tivat makes real estate here especially interesting for investors.
The advantages of buying this property
Investment potential: Increasing the number of residential units and dividing into apartments can provide additional rental income.
Rental income: Old houses with historical architecture and proximity to the luxury Lustica Bay complex are a great opportunity to get a stable rental income. Seasonal rentals in such areas of Montenegro can reach from 100 to 200 euros per day, depending on the season and amenities.
Uniqueness: The house has historical value and is one of the few similar properties in the region, which increases its value and attractiveness.
Flexibility of use: The house can be used both for living and as a rental business, or divided into apartments for subsequent sale.
Residence permit in Montenegro when buying real estate
When buying real estate in Montenegro with a value of 50,000 euros or more, foreign citizens can apply for a temporary residence permit (residence permit). A residence permit gives the right to reside in the country and free movement in the countries of the Schengen area for a limited time. At the same time, buying real estate in unique places like Radovichi can significantly increase your chances of obtaining a residence permit due to the special cultural and historical significance of the object.
Analysis of real estate price growth in Montenegro over the past 5 years
Over the past five years, the real estate market in Montenegro has shown steady growth. Particularly high growth rates are observed in coastal areas such as Tivat and Lustica, where housing prices have increased by 20-30% since 2018. In particular, elite areas such as Radovichi attract the attention of investors and buyers due to their prestige and proximity to the sea. The recovery of the market after the pandemic in 2020 has also led to increased demand, especially from foreign buyers, which further spurs price increases.
Conclusion
The old reconstructed complex in Radovichi is not only a unique opportunity to become the owner of a historical object, but also an excellent investment project. Its advantageous location, the possibility of additional construction and high rental attractiveness make the purchase especially interesting for those who are looking for real estate in Montenegro with growth potential.
