€1,450,000Stari Grad · Central Dalmatia
Hvar, Stari Grad, luxury house near the sea for sale
140 m² · 4 rooms
Hvar · Central Dalmatia · Croatia
Hvar, old stone house for sale, 1.500.000 €
For sale · House · Reference IB-17111
€1,500,000
Key facts
- Price
- €1,500,000
- Price per m²
- €791/m²
- Living area
- 1,896 m²
- Plot area
- 462 m²
84% below the regional average (Region average: €5,081/m²)Online for 2 days
Investment overview
Estimated gross yield
25.1%
Based on the rental average in Central Dalmatia of €16.54 per m² and month, drawn from 33 active rental listings. At 1,896 m² that works out to roughly €31,365 per month and €376,378 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 are offering this old stone building on a large plot located in the most attractive part of this small village by the sea on Hvar island. There is a detailed development project available showing a project of 25 apartments of various sizes, for a total of over 1.400 m2, and with almost 500 m2 of external private space (gardens and terraces). The charm of the building and its unique location, literally few meters from the sea, will ensure this project will be an outstanding investment opportunity for developers. Distances: • The centre of the resort is 3 km away. • The sea is 10 m away. We are at your service for any questions regarding this property.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
