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€240,000

2.5/10

€4,000/m²

3
Rooms
60.0m²
Area
3/4
Floor

💰 ROI Analysis

Purchase price €240,000
Renovation cost (~€700/m²) €42,000
Total investment €282,000
Comp avg €/m² (31 listings within 500m) €2,589/m²
Projected sale (60.0m² × €2,589) €155,362
Estimated profit / ROI €-126,638 / -45%

AI-estimated ROI: -40%

Details

Location Centrs, Rūpniecības 48
Building type Jaun.
Published 16.02.2026 8d
📍 Location

Description

Īpašnieks pārdod dzīvoklis ar pilnu apdari. Ir iespēja iegādāties autostāvvietu.Собственник продает квартиру с полной отделкой. Есть возможность приобрести парковку.Pilsēta:RīgaRajons:centrsIela:Rūpniecības 48[Karte]Istabas:3Platība:60 m²Stāvs:3/4Sērija:Jaun.Mājas tips:MūraCena:240 000 € (4 000 €/m²)

🤖 AI Analysis

23 Feb 2026
2.5
Deal Score
1
Reno Potential
-40%
Est. ROI

📸 Photo Assessment

The apartment appears to be an attic conversion, with sloped ceilings and skylight windows. It has been recently renovated with new flooring, modern bathroom fixtures (shower cabin, toilet, sink), and new interior doors. The overall condition looks good and move-in ready.

📋 Analyst Notes

This apartment is already fully renovated, as stated in the description and confirmed by photos. Its purchase price of €4,000/m² significantly exceeds the average renovated market rate of €2,589/m² in the area. Even without renovation costs, the projected sale price would be substantially lower than the purchase price, resulting in a negative ROI. This listing does not fit the investor's model of buying cheap, renovating, and selling at market rate.

🚩 Red Flags

Overpriced, attic apartment (potential for lower valuation due to sloped ceilings impacting usable space), already renovated.

Tags

move_in_ready top_floor no_balcony centrs period_building good_natural_light

📊 Comparable Properties (10 within 300m)

Avg: €3,117/m² — used for ROI calculation