Immobalko

Makarska · Central Dalmatia · Croatia

Unique Investment Opportunity in the Old Town of Makarska

For sale · Apartment · Reference IB-12632

€203,500

Key facts

Price
€203,500
Price per m²
€5,500/m²
Living area
37 m²
Rooms
1
Floor
0
Distance to airport
28 km
9% above the regional average (Region average: €5,051/m²)Online for 11 days

Investment overview

Estimated gross yield

3.8%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 37 m² that works out to roughly €637 per month and €7,648 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

Unique Investment Opportunity in the Old Town of Makarska Located in the heart of Makarska, this unique residential unit perfectly combines historic charm with modern design. Ideal for lovers of the old town and modern living, the property has been fully renovated and offers a high standard of living, just a few steps from the picturesque Makarska promenade and the sea. This is a very rare opportunity to purchase a studio apartment situated in the very center of Makarska's old town, only 50 meters from the sea. The property is located on the ground floor of an authentic stone building in traditional Dalmatian style, with impressive 70 cm thick walls that provide excellent insulation and historic charm. The building is protected by the Croatian Ministry of Culture as intangible cultural heritage, which adds value to the property. The studio consists of an open-plan space that includes a living room, dining area, 1 bedroom, kitchen, 1 bathroom, a walk-in closet, and a covered loggia with an entry area. The property also features a climate control system for both cooling and heating, as well as underfloor heating in the bathroom. The property is being sold unfurnished, and the images in the listing depict an ideal 3D model design of the interior, which allows you to visualize the potential of the space and customize it according to your preferences. The location of this property offers not only proximity to the sea but also easy access to all necessary amenities for daily life and relaxation, including restaurants, shops, and cafés, making it the perfect choice for those who enjoy living in the city center.

Location

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

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