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House 220 м² in Herceg Novi, Montenegro

462 166 $

2 100 $ /м²

4Of2y
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Area

220 м2

Bedrooms

5

Year of construction

1976

Spacious house near old town, Herceg-Novi

For sale is a spacious house of 220 m², located in a great location, just a few minutes' walk from the old town.
Beautiful views of the old town, the sea and the bay. The house was built in the 1970s. There is permission to build two additional floors.

Layout:
The house has two floors. The upper floor is the ground floor, the owners' floor, with an area of ​​105 m2 + 17 m2 of terrace. Spacious living room, kitchen with dining room and pantry, guest and main bathrooms, three bedrooms. Two terraces: a large terrace with access from the living room and the main bedroom and a small terrace with access from the other two bedrooms. Exit to the attic. In the attic there is another terrace with a panoramic view of the bay and the Orjen mountain range.

On the lower floor there is a garage of 35 m2, space for one car and a large storage room. Two apartments: a small apartment of 35 m2, a studio and 45 m2 with one bedroom, bathroom and kitchen with storage room. On the ground floor there is a spacious terrace. In front of the house there is a concrete driveway from the street and a parking lot, which can accommodate up to three cars.
There are also two small rooms of 7-10 m2 and another storage room under the concrete parking lot.
The plot is 399 m2, several trees are planted and there are two flower beds.

Infrastructure and location:
The property is located in Srbina. The nearest supermarket is a 3-minute walk away. The Kanli Kula fortress and the old town are a 5-minute walk away. There are many other interesting locations nearby that are within walking distance. In the old town, all the necessary offices, establishments, for all business, you can walk in just a few minutes!

Services and facilities

Garage/parking
Pantry

Additional details

Property type

Residential Properties

Floor

2

Object type

House

Price

462 166 $

Land area

399

Characteristics

Garage/parking
Pantry

Distance to key points, m

To sea 800

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Herceg Novi; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.
Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.
Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.
A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.
Yes. Rental income tax is 5–25% depending on the regime. In Herceg Novi short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.
Yes. An inspection costs about 0.5–1% of the price (462 166 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.
A typical transaction runs 30–90 days, averaging 45 in Herceg Novi: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).

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