€460,000Bale · Istria
KRMED-BALE- ROVINJ-kombinirano zemljište
8,650 m² plot
Podgora · Central Dalmatia · Croatia
Apartment House in Podgora – only 50 m from the sea
For sale · House · Reference IB-14159
€850,000
Key facts
- Price
- €850,000
- Price per m²
- €4,009/m²
- Living area
- 212 m²
- Plot area
- 167 m²
- Rooms
- 6
- Year built
- 1962
- Distance to airport
- 33 km
21% below the regional average (Region average: €5,051/m²)Online for 11 days
Investment overview
Estimated gross yield
5.2%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 212 m² that works out to roughly €3,652 per month and €43,819 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
Apartment House in Podgora – only 50 m from the sea For sale is an apartment house located in an exceptionally attractive location in Podgora, just a few steps from the waterfront, promenade, beach, shops, restaurants, and cafes. It is ideal as an investment due to its long-standing excellent tourist rental performance. The total gross area is 280.90 m2, distributed over three above-ground levels (basement, ground floor, first floor + gallery), within which there are three separate residential units. Basement – 4-star apartment (renovated 2020) The basement features a modernly furnished apartment with a large terrace and garden. It consists of a spacious living room, kitchen, two bedrooms, and two bathrooms. It is equipped with first-class ceramics, three air conditioners, electric heaters, optical internet, mosquito nets, and new furniture. Ground floor – studio and apartment (renovated 2020) An external staircase leads to the ground floor where there are: A studio for two persons with a bathroom, living room, kitchen, and dining area with access to a balcony. An apartment for four persons, which includes a kitchen, dining area, living room, bedroom, bathroom, and loggia. There is also a hallway with a practical storage room containing shelves for bedding and towels, a central boiler, and electrical installations. The ground floor has a 3-star categorization. The floors are tiled, the bathrooms have electric radiators, and everything is equipped with air conditioning and quality appliances from renowned brands. First floor + gallery – duplex apartment Another external staircase leads to the first floor where a duplex apartment renovated about ten years ago is located. It includes a large living room with a balcony and sea view, kitchen, three bedrooms, two bathrooms, an additional toilet, storage room, and hallway. Additional information The property is fully legalized and has a clean title deed. The house has been achieving excellent results in tourist rentals for years, ensuring a quick return on investment. It comes with one parking space, and additional spaces can be rented during the season just 50 m from the house.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
