€595,000Hvar · Central Dalmatia
House, For Sale, Hvar, 210 m2, Detached House
210 m² · 7 rooms
Brač · Central Dalmatia · Croatia
Brac, old stone house for sale, 420.000 €
For sale · House · Reference IB-16857
€420,000
Key facts
- Price
- €420,000
- Price per m²
- €1,400/m²
- Living area
- 300 m²
- Plot area
- 1,800 m²
- Rooms
- 2
- Bathrooms
- 1
72% below the regional average (Region average: €5,051/m²)Online for 1 day
Investment overview
Estimated gross yield
14.8%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 300 m² that works out to roughly €5,167 per month and €62,008 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 in a quiet location in the center of the island of Brac. Beautiful nature, gardens with almond trees, fields of fragrant lavender and numerous cultivated olive groves give this place a special charm. The house is more than 100 years old and is located in the very center of the town. It has great potential since it has a large garage, storage room, attic, terrace and land. It consists of a garage and a tavern on the ground floor and an apartment on the first floor (kitchen, living room, bathroom and 2 bedrooms) + a large attic. The attic and roof were recently completely renovated. From the garage you enter the house directly by stairs, otherwise the house has 3 entrances. It has a large stone balcony with a view of the local square, and at the back of the house is a large terrace under which there is a water tank. Next to the house is a room that serves as a storage room, it used to be a barn. Behind the house there is a garden. The houses are in a row, in the same courtyard and have a common entrance. The entire building has oil-fired central heating.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
