Located in the heart of Istanbul, JB Panorama Residence stands out as a luxurious residence meeting all the needs of modern urban living. In this post, we will provide a detailed analysis of the 2+1 apartment for sale on the 11th floor, highlighting why it is an ideal investment for potential buyers.
Location and Transportation
JB Panorama Residence is centrally located, offering excellent access to public transportation. Sapphire Mall is just a 4-minute drive away, and you can reach the metro in 10 minutes by public transport. This makes daily commuting easy and convenient.
Building and Security
This modern 15-story residence is known for its secure and robust structure. The building has completed earthquake-resistant inspections and was constructed with pile foundations and raft foundations. In addition to these structural advantages, it offers 24/7 security personnel and 24-hour camera surveillance, ensuring a safe living environment for its residents. The building also includes amenities such as a closed parking area and elevator access.
Amenities and Social Life
JB Panorama Residence offers its residents a wealth of social amenities:
Fitness Center: Equipped with modern equipment for a healthy and active lifestyle.
Sauna: A sauna for relaxation and stress relief.
Café: A stylish café where you can spend quality time with friends.
Green Areas: Recreational areas where you can enjoy nature.
Observation Terrace: A unique terrace with panoramic city views.
Apartment Features and Pricing
The 2+1 apartment on the 11th floor boasts stunning city views. Newly constructed, this apartment is designed to meet all modern living needs. The sale price is 6 million TL (185.000 USD approx.), and it also offers an attractive investment opportunity with a rental yield of 30,000 TL per month (1.000 USD approx.).
Price Analysis
Average Sales Prices in the Area
According to June 2024 data, the average sales prices for similar 2+1 apartments ranging from 80 to 100 square meters in the same area with JB Panorama Residence are typically between 5.5 million TL and 7 million TL. This shows that the 6 million TL price is competitive and reasonable.
Rental Income and Return on Investment (ROI)
As of July, the expected monthly rent for this apartment is between 30,000 TL and 35,000 TL, equating to an annual rental income of at least 360,000 TL. The annual rental yield (ROI) based on the sale price is approximately 6%. This rate aligns with the average investment returns in Istanbul, indicating that this apartment is a good investment opportunity.
Property Value Increase in the Area
In the last 6 months, property prices in the JB Panorama Residence area have increased by 25%. This growth is expected to continue with future development projects and infrastructure improvements in the area, suggesting a high potential for long-term value appreciation.
Socioeconomic Status of the Area
JB Panorama Residence is situated in a central and prestigious area of the city. The region is noted for its central location, educational institutions, shopping centers, and healthcare services. Additionally, its proximity to public transportation makes it an attractive place to live and invest in.
Costs and Expenses
The monthly maintenance fee for this apartment is starting from 3,500 TL. Additionally, annual property tax and other legal expenses should be considered. These costs are reasonable compared to other luxury residences in the area.
Depreciation Period
The depreciation period indicates how quickly an investment pays off, with a shorter period being more favorable. In the area where JB Panorama Residence is located, the depreciation period is set at 18 years. This is advantageous compared to other nearby regions. For instance, the depreciation period is 19 years in Merkez Mahallesi and 23 years in Hamidiye Mahallesi. This shows that an investment in JB Panorama Residence can yield faster returns compared to other areas within the same region.
Final Say
JB Panorama Residence offers a living space that stands out with its central location, modern and secure structure, and rich social amenities. Whether you are interested in buying or renting the 2+1 apartment, considering the advantages and quality of life this residence provides, it is clear that this is a sound investment.
Contact
For more information about this apartment or to schedule a viewing, please contact us.
The data in this analysis was obtained from sahibinden.com and endeksa.com.