Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, old stone house for sale, 1.380.000 €

For sale · House · Reference IB-16550

€1,380,000

Key facts

Price
€1,380,000
Price per m²
€5,750/m²
Living area
240 m²
Plot area
1,000 m²
Rooms
4
Bathrooms
3
14% above the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

3.6%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 240 m² that works out to roughly €4,134 per month and €49,607 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

The old stone house complex was bought during a holiday in Croatia  2004, years of renovation have given rise to a completely renovated, bright and spacious old stone house of 240 m2. The property is located on the north side of the island in a quit village. The villa has 2 large indoor entertaining areas, comfortable for large families and groups of friends. Traditionally called the konoba, this room, with its high ceiling and old original wooden beams, was the cellar for the storage of wine barrels. It has been converted into a main living room with a stone fireplace and large patio doors opening onto a terrace with a fountain and close to the swimming pool (approx. 60 m2). Connected, but separate from the living room, is a comfortable desk with a sofa bed and with direct access to the garden. The other main entertainment room, located on the 1st floor (with air conditioning), consists of a large fully equipped open-plan kitchen and dining area for up to 10 guests (approx. 45 m2). High ceiling with wooden beams, it has its own access to a large terrace with a large bench seat, ideal for morning tea or coffee, a staircase leads directly to the garden and pool area. This floor also has a shower room. The Villa has 4 double bedrooms and an office with a sofa bed. 2 bedrooms are located on the first floor sharing the same bathroom.  An en-suite bedroom with air conditioning is in the attic, one bedroom is on the ground floor, with patio doors opening onto the garden and sharing the bathroom with the office. The toilet is separate. The outside consists of a large garden with a gated entrance, a 9m x 4m swimming pool, different terraces to relax in the sun or shade, a large summer kitchen with barbecue, fridge and sink, large benches and pillows to enjoy the summer lifestyle and dine comfortably for up to 10 people.

Location

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

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