This one bedroom apartment in Herceg Novi is a fully furnished and equipped 28 m² property located at garden level — entered via a staircase from the street, with the living room opening directly onto an adjacent lawn area. The apartment is functional and move-in ready with no investment required: old construction, solid condition, complete furnishing. The lawn accessible from the living room is not currently developed, but represents a concrete future opportunity for the new owner to fence, pave, and configure as a private terrace or garden — a category of outdoor space that is genuinely scarce in furnished apartments at this price point in Herceg Novi.
Herceg Novi offers one of the most consistent year-round rental markets on the Montenegrin coast, driven by its permanent expat community, medical and wellness tourism at the Institut “Dr Simo Milošević”, and a Bay of Kotor microclimate that supports 12-month occupancy. For a buyer seeking the lowest entry price in the municipality — furnished, functional, and with a low-cost outdoor development opportunity built in — this one bedroom apartment in Herceg Novi is a direct route into that market. View all available properties for sale in Herceg Novi and all apartments across Montenegro.
Location — Herceg Novi
Herceg Novi sits at the entrance to the Bay of Kotor, sheltered by the Orjen mountain range and known for its mild year-round climate and layered cultural heritage. Key distances and landmarks in the municipality:
- Herceg Novi Old Town (Stari Grad) and Forte Mare fortress
- Herceg Novi seafront promenade (Šetalište)
- Savina Monastery (Manastir Savina) — Bay of Kotor waterfront
- Igalo beach and Institut “Dr Simo Milošević” (spa/rehabilitation centre) — 3–5 km
- Tivat Airport and Porto Montenegro — 30 km (25 min drive)
- Dubrovnik Airport, Croatia — 45 km (40 min drive)
- Kotor Old Town (UNESCO) — 35 km (30 min drive)
- Bosnia and Herzegovina border — 30 min drive
Property Features — One Bedroom Apartment Herceg Novi
- Living Area: 28 m²
- Bedrooms: 1
- Building: Old construction — established building
- Floor: Garden level — entry via staircase from street level
- Outdoor access: Direct exit from living room to adjacent lawn — future potential to develop as private garden or terrace (not currently fitted out)
- Furnishing: Fully furnished and equipped — move-in ready, no investment required
- Sea view: No
- Suitability: Long-term rental, affordable primary residence, or entry-level investment
Investment Potential — One Bedroom Apartment in Herceg Novi
Herceg Novi is Montenegro’s most liveable year-round coastal city — a genuine residential community with consistent rental demand from expats, remote workers, and medical visitors, rather than a purely seasonal resort. A one bedroom apartment in Herceg Novi at the lowest entry price tier provides immediate access to that rental market with zero fit-out cost: the apartment is fully furnished and ready to let from day one. Key investment points:
- Fully furnished and equipped — no procurement cost, no fit-out delay, rental income from day one
- Outdoor development opportunity: the adjacent lawn can be fenced and developed by the new owner into a private terrace or garden — a low-cost improvement that directly upgrades the rental listing and supports a higher nightly or monthly rate
- Lowest entry price tier in Herceg Novi — maximum capital efficiency; full municipality upside at minimum acquisition cost
- Year-round rental demand: Herceg Novi’s expat community, digital nomads, and medical tourists at the Institut “Dr Simo Milošević” generate off-season occupancy that coastal Budva properties cannot match
- Old construction: established neighbourhood, lower price per m² than new builds, no developer delivery risk
- Montenegro EU accession target 2028 — Bay of Kotor municipal property expected to benefit from Croatia-level post-accession price realignment, including Herceg Novi
Read our Montenegro investment guide and EU accession property analysis. For a broader location comparison, see our Budva vs Tivat vs Bar analysis.
How to Buy — Guide for Foreign Buyers
Foreign nationals purchase property in Montenegro with full ownership rights and no restrictions. Standard process runs from preliminary contract through notary due diligence to Land Registry registration — typically 4–8 weeks. Read our complete guide for foreign buyers or the step-by-step buying guide. For certified notaries in Herceg Novi municipality, see the official Notary Chamber of Montenegro.
Frequently Asked Questions — One Bedroom Apartment in Herceg Novi
What is the outdoor access mentioned for this one bedroom apartment in Herceg Novi?
The living room has a direct exit onto an adjacent lawn area at garden level. This outdoor space is not currently developed — it is a grass area that the new owner can choose to fence and configure as a private terrace, garden, or outdoor seating area. This is presented as a future opportunity rather than an existing feature, and photographs reflect the current state. Any development would be at the buyer’s discretion and cost.
What rental income can a furnished one bedroom apartment in Herceg Novi achieve?
A fully furnished one-bedroom apartment in Herceg Novi achieves €350–€550 per month in long-term rental depending on exact location and condition. Short-term summer nightly rates range from €40–€70 for a well-presented unit. If the outdoor space is developed into a usable terrace or garden, it directly supports a higher nightly rate on short-term platforms. Annual gross yield for a one-bedroom in Herceg Novi typically ranges from 5–8%.
The listing says old construction — what does that mean practically?
Old construction (stara gradnja) means the building was built before Montenegro’s current construction code era, typically pre-1990s. In practice it means lower purchase price per m², an established neighbourhood, and no developer delivery risk. The apartment itself is in functional condition, fully furnished, and requires no investment — the building age is reflected in the price rather than in any defect requiring repair.
Can foreigners buy this apartment in Herceg Novi?
Yes. Foreign nationals — including non-EU citizens — have the same property ownership rights as Montenegrin citizens. No restrictions, no local partner, no minimum investment. The apartment registers in the buyer’s name at the Land Registry within 4–8 weeks of signing the preliminary contract. Montenegro Estates charges 0% buyer commission.
What are the total purchase costs beyond the asking price?
Budget 3–4% above the purchase price: 3% property transfer tax paid once at Land Registry registration, approximately 0.1% notary fee, and €500–€1,500 for independent legal due diligence. Montenegro Estates charges 0% commission to buyers.
Can I get residency by purchasing this property?
Yes. Any property purchase in Montenegro qualifies the buyer for a Temporary Residence Permit, renewable annually for as long as you own the property. There is no minimum purchase price. Full details in our Montenegro residency via real estate guide.
How does Herceg Novi compare to Budva for a one-bedroom investment at this price level?
Herceg Novi delivers more consistent year-round rental demand than Budva at the entry price tier. Budva’s one-bedroom market peaks sharply in July–August; Herceg Novi’s expat and medical tourism base generates stable off-season occupancy. Entry prices in Herceg Novi are generally lower than comparable Budva units, offering better yield on cost. For a detailed comparison, see our Budva vs Tivat vs Bar analysis.
More Properties in Herceg Novi and Montenegro
Explore all available properties for sale in Herceg Novi, browse all apartments across Montenegro, or read our Montenegro real estate investment guide.
