€335,000Zatka Čepić · Istria
LABIN-KRŠAN-ČEPIĆ
13,122 m² plot
Lumbarda · Southern Dalmatia · Croatia
Building land with an area of 1,446 m2 is located in Lumbarda on the island of Korčula and consists…
For sale · Land · Reference IB-12227
€318,120
Key facts
- Price
- €318,120
- Plot area
- 1,446 m²
- Distance to airport
- 56 km
Online for 11 days
Investment overview
Southern Dalmatia currently has 2 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.
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
Building land with an area of 1,446 m2 is located in Lumbarda on the island of Korčula and consists of four interconnected parcels of regular shape. It is situated in a quiet environment, approximately one kilometer from the center of the village, where all basic amenities such as shops and restaurants are available. Access to the land is provided by an asphalt road that continues to a gravel section, while connections for water and electricity are in the immediate vicinity. The parcel is located within the building zone of the settlement, in an area of mixed use with predominantly residential function. Although the urban plan has not yet been adopted, construction is permitted in accordance with existing conditions. It is possible to build detached residential buildings, as well as additional facilities that fit into the residential purpose, including smaller tourist or service facilities. According to the applicable spatial regulations, the minimum size of the building plot is 300 m2, while the minimum width along the regulation line must be 14 meters. The built coefficient is 0.3, and the utilization coefficient is 1.5, allowing for the realization of a gross developed area of approximately 495 m2 to 598 m2 per individual parcel, depending on its area. Lumbarda is a picturesque village on the eastern part of the island of Korčula, known for its sandy beaches and vineyards. It is particularly valued for the indigenous wine variety Grk, which is grown in this area. The proximity to the town of Korčula and preserved nature make it an attractive destination for vacation and living.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
