Hvar, old stone house for sale, 470.000 €

For sale · House · Reference IB-20197

€470,000

Key facts

Price: €470,000
Price per m²: €5,000/m²
Living area: 94 m²
Plot area: 169 m²
Rooms: 4
Bathrooms: 2
Distance to sea: 922 m
Distance to airport: 16 km

17% above the regional average (Region average: €4,273/m²)Online for 4 days

Investment overview

Estimated gross yield

4.0%

Based on the rental average in Central Dalmatia of €16.67 per m² and month, drawn from 31 active rental listings. At 94 m² that works out to roughly €1,567 per month and €18,800 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

An exclusive property and a rare market gem. A stone house is for sale right on the beach, hidden in a secluded bay that offers complete privacy, peace, and an escape from everyday life. This 94 m2 property is an ideal canvas for creating your private Mediterranean oasis surrounded by greenery and crystal-clear sea. The house consists of a tavern (konoba) and a studio apartment on the ground floor, as well as three spacious bedrooms and a bathroom on the upper floor. Since the property requires renovation, it offers the possibility of complete redesign and customization of the layout. The location on this part of the island of Hvar has no running water or electricity infrastructure, which is why installing solar systems is the ideal solution. The property includes two cisterns used for collecting and storing water. Such a sustainable lifestyle concept enables harmony with nature, a reduced ecological footprint, and an independent way of living in one of the most beautiful parts of the Mediterranean. The surrounding grounds, with an outdoor summer kitchen and space for a small Mediterranean garden, offer a perfect retreat for recharging in complete harmony with untouched nature.