Algun Effect 2 in Duzce, Turkey No.95266

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Algun Effect 2  in Duzce, Turkey No.95266
ID95266 min. € 151 469
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Algun Effect 2 Development description

The Algun Effect 2 residential community, developed by Algun Insaat, stands as real estate in Turkey. This is an up-and-coming gated community in the Çavuşlar district of Duzce comprising 12 houses with 1+1, 2+1 and 3+1 apartments, as well as 4+1 duplex villas. The commissioning for this community is scheduled for the 2nd quarter of 2024. The windows of the residences will offer a breathtaking view of the lush green areas and urban surroundings.

Architecture and design

The community is a collection of 4-storey apartment buildings characterised by clear lines and right angles. The combination of smoky deep grey and terracotta colours lends an air of respectability to the development, a quality further emphasised by the artistically-designed landscaped territory.

Both apartment buildings and detached villas showcase a unified architectural design. The terracotta colour is elegantly incorporated into the exterior facades of the villas and rooftop flowerbeds will be implemented to accentuate the uniqueness of the property.

Residents of the community will be able to unwind in a specially designated lounge, equipped with arranged tables, chairs and sunbeds.

To ensure the safety of residents, 24/7 video surveillance is implemented at the entrance and throughout the common areas of the community. Additionally, the community offers vehicle parking within its premises.

Apartments and villas in Algun Effect 2

The community provides a range of apartments, varying in size from 116 to 151 square metres. In addition to the living room, a kitchen, a bedroom and a bathroom, each apartment features open-type balconies.

As of May 2023, the starting price for residential property in this gated community is USD 107,792. However, real estate prices in Turkey are constantly increasing, so it’s advisable to clarify the current property prices before making a purchase.

Lifestyle

The centre of Düzce is only 3.5 kilometres away from the community, ensuring that the residential development is ideal for businesspersons and those who are used to a busy urban lifestyle.

Families with children will also enjoy the residential community, as it belongs to the child-friendly category. The adjacent area features a playground equipped with slides. Moreover, the community is strategically positioned near a kindergarten and school, as well as a shopping centre and several bus stops.

There are several shops situated within the residential complex. The community’s territory is gated and guarded around the clock, ensuring that residents can feel confident in their safety and security whether at home, within the courtyard or the community borders.

Investment apartments in Algun Effect 2

Investing in the Algun Effect 2 residential complex will be a smart investment decision, positioning apartment and villa owners to generate recurring income through future rentals. The favourable location of the community near the city centre will contribute to the high profitability and liquidity of the facilities. On average, the annual yield for long-term rental housing in Turkey ranges from 4% to 6% of the property value.

After the project is operational, the prices for apartments will rise by up to 15%, making it possible to profit on housing resale.

Our team of real estate market experts, with extensive experience, will assist you with buying an investment property in a new building in Turkey. Whether you are seeking a residence for permanent living of residence or considering a profitable off-plan real estate in an under-construction residential complex in Turkey for rental purposes, these professionals will help you make the right choice.

Please feel free to contact our experts who are ready to take care of all aspects of the process and address any questions.

Location

  • Close to the bus stop
  • Close to shopping malls
  • Close to the city centre
  • Close to schools
  • Close to the kindergarten
  • City view

Features

  • Balcony

Outdoor features

  • Security
  • Children's playground
  • Car park
  • Garden

Location

Duzce - Statistics

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ParametersDuzce
Rent Per Month
Apartment (1 bedroom) in City Centre€ 218.72
Apartment (1 bedroom) Outside of Centre€ 170.88
Apartment (3 bedrooms) in City Centre€ 546.81
Apartment (3 bedrooms) Outside of Centre€ 307.58
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre€ 1 093.61
Price per Square Meter to Buy Apartment Outside of Centre€ 546.81
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ParametersDuzce
Crime Index54.12
Restaurant Price Index25.35
Property Price to Income Ratio6.67
Climate Index91.94
Safety Index45.88
Rent Index6.22
Health Care Index80.56
Groceries Index27.44
Pollution Index89.66
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ParametersDuzce
Restaurants
Meal, Inexpensive Restaurant€ 4.10
Meal for 2 People, Mid-range Restaurant, Three-course€ 20.51
McMeal at McDonalds (or Equivalent Combo Meal)€ 6.01
Domestic Beer (0.5 liter draught)€ 1.91
Imported Beer (0.33 liter bottle)€ 2.87
Coke/Pepsi (0.33 liter bottle)€ 1.09
Water (0.33 liter bottle) € 0.23
Cappuccino (regular)€ 2.88
Markets
Milk (regular), (1 liter)€ 0.77
Loaf of Fresh White Bread (500g)€ 0.27
Eggs (regular) (12)€ 1.30
Local Cheese (1kg)€ 3.55
Water (1.5 liter bottle)€ 0.38
Bottle of Wine (Mid-Range)€ 6.15
Domestic Beer (0.5 liter bottle)€ 1.78
Imported Beer (0.33 liter bottle)€ 2.32
Cigarettes 20 Pack (Marlboro)€ 1.82
Apples (1kg)€ 1.09
Chicken Fillets (1kg)€ 5.73
Oranges (1kg)€ 0.75
Potato (1kg)€ 0.52
Lettuce (1 head)€ 0.62
Rice (white), (1kg)€ 1.57
Tomato (1kg)€ 0.96
Banana (1kg)€ 1.30
Onion (1kg)€ 0.51
Beef Round (1kg) (or Equivalent Back Leg Red Meat)€ 13.40
Transportation
One-way Ticket (Local Transport)€ 0.57
Monthly Pass (Regular Price)€ 19.69
Gasoline (1 liter)€ 1.12
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)€ 43 484.78
Taxi Start (Normal Tariff)€ 0.87
Taxi 1km (Normal Tariff)€ 0.63
Taxi 1hour Waiting (Normal Tariff)€ 6.84
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)€ 41 114.64
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment€ 63.88
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)€ 11.07
€ 8.20
Salaries And Financing
Average Monthly Net Salary (After Tax)€ 615.16
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate20.00
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult€ 30.07
Tennis Court Rent (1 Hour on Weekend)€ 27.34
Cinema, International Release, 1 Seat€ 5.47
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)€ 22.56
1 Summer Dress in a Chain Store (Zara, H&M, ...)€ 34.18
1 Pair of Nike Running Shoes (Mid-Range)€ 97.77
1 Pair of Men Leather Business Shoes€ 82.02
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child€ 136.70
International Primary School, Yearly for 1 Child€ 6 917.10
Data are provided by Numbeo.com and are based on its users survey. Turk.estate can not guarantee the validity of these data.

Apartments and flats in Algun Effect 2

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CityDuzce
TypeDevelopment
Rooms3+1
Living spacemin. 151 m2
max. 151 m2
Price
  • Price
  • per m²
min. € 151 469max. € 151 469
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  • USD $
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  • NOK kr
  • GBP £
  • TRY ₺
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