Immobalko

Brač · Central Dalmatia · Croatia

Brac, house for sale, 590.000 €

For sale · House · Reference IB-16521

€590,000

Key facts

Price
€590,000
Price per m²
€2,360/m²
Living area
250 m²
Plot area
1,660 m²
Rooms
9
Bathrooms
3
53% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

8.8%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 250 m² that works out to roughly €4,306 per month and €51,673 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

Property in the center of the town on a plot of 1,660 m2 with a large house, garage, stable and konoba. The property is fenced, the entrance is to a spacious yard with a garage and several parking spaces. The garage and storage rooms have a total of 40 m2, and in the yard there is a konoba with a fireplace. There is also an 80 m2 stable on the property with a large meadow behind. The main building is a stone house on three floors. The ground floor has 85 m2, and on the first floor there are two separate residential units. The western part on the first floor consists of a hallway, living room, bathroom, two bedrooms. An internal staircase leads to the second floor where there are three bedrooms and a bathroom. The eastern part of the house has not been renovated. It consists of the first floor with a kitchen, dining room and one bedroom, and three bedrooms on the second floor.

Location

The map shows the approximate area. The exact address is provided by the agency on request.

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