Brac, old stone house for sale, 248.000 €

For sale · House · Reference IB-19971

€248,000

Key facts

Price: €248,000
Price per m²: €992/m²
Living area: 250 m²
Plot area: 357 m²
Rooms: 4
Bathrooms: 4
Distance to sea: 5.1 km
Distance to airport: 5 km

77% below the regional average (Region average: €4,274/m²)Online for 10 days

Investment overview

Estimated gross yield

20.2%

Based on the rental average in Central Dalmatia of €16.67 per m² and month, drawn from 31 active rental listings. At 250 m² that works out to roughly €4,167 per month and €50,000 per year. See market data for this region

Estimated from asking rents. Not a guarantee of achievable rent.

Not included in the yield

Real estate transfer tax of 3 percent, notary, lawyer and commission, plus ongoing operating and management costs, vacancy, maintenance, tax on rental income and financing costs.

The net yield is therefore regularly well below this figure.

What we deliberately do not calculate

Holiday rental income and seasonal revenue. The rental average reflects long term leases, and we have no booking data for short lets.
Occupancy and seasonality. That would need booking data, which we do not collect.
Appreciation forecasts. Our quarterly series show past asking prices, and hindsight is not a forecast.
Net yield. It depends on closing costs, tax rate and financing of the individual buyer.

These figures are an automatic calculation from listing data. They are not investment advice, not an investment recommendation and not a valuation. They are based on asking prices of active listings on Immobalko, not on notarised purchase prices and not on rents actually achieved. Verify every figure with the agency, a tax adviser and a local lawyer before deciding.

Description

Old stone house with a reconstruction project. According to the project, the property would have 250 m2 of living space distributed over three floors: ground floor, first floor and attic. On the ground floor there is a tavern and a small studio apartment. On the first floor there is a living room, bathroom and one bedroom. In the attic, according to the project, there are two bedrooms with bathrooms and a large sunny terrace overlooking the sea. On the 200 m2 of garden there would be a swimming pool, stone and Mediterranean garden.