Crikvenica, house of 240 m2

For sale · House · Reference IB-19835

€405,000

Key facts

Price: €405,000
Price per m²: €1,688/m²
Living area: 240 m²
Plot area: 100 m²
Rooms: 8
Bedrooms: 6
Bathrooms: 2
Distance to sea: 129 m
Distance to airport: 11 km

57% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

10.7%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 240 m² that works out to roughly €3,600 per month and €43,200 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

For sale is an older semi-detached house in an excellent location in Crikvenica, only 50 m from the sea. The house is occupied and thus move-in ready, but requires complete renovation. On a plot of approximately 100 m2 there is a double auxiliary building above which is a large terrace. Price is not fixed. OPPORTUNITY FOR INVESTORS!

This text was machine translated and reviewed by the agency.