Flats Selce, Crikvenica, 71m2

For sale · Apartment · Reference IB-19320

€320,000

Key facts

Price: €320,000
Price per m²: €4,507/m²
Living area: 71 m²
Rooms: 4
Bedrooms: 3
Bathrooms: 2
Floor: 1
Distance to sea: 27 m
Distance to airport: 13 km

15% above the regional average (Region average: €3,931/m²)Online for 13 days

Investment overview

Estimated gross yield

4.0%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 71 m² that works out to roughly €1,065 per month and €12,780 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

We mediate in the sale of a beautiful spacious apartment, which is in nature an entire floor of the house. The apartment consists of a living room, kitchen and dining room that are designed in terms of "open space", 3 bedrooms, two bathrooms, a hallway and a storage room. The most attractive part of the apartment is certainly the spacious terrace with a panoramic view of the sea. The apartment also has one parking space. It's a great investment from a commercial point of view. It can be rented to tourists and as such generate income of up to € 10,000 per year. Distance from the sea and the center of Selce is approximately 400 m. All the necessary facilities (shops, cafes, restaurants, post office, beach, school, kindergarten) are about 5 minutes on foot. The center of Crikvenica is 4 km away. There is an option to buy in a package with another apartment which is a detached building in the back garden of the house