Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, house for sale, 600.000 €

For sale · House · Reference IB-17116

€600,000

Key facts

Price
€600,000
Price per m²
€2,500/m²
Living area
240 m²
Plot area
317 m²
Rooms
6
Bathrooms
6
50% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

8.3%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 240 m² that works out to roughly €4,131 per month and €49,570 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

House on three floors, on the south side of the island of Hvar, overlooking the sea. On the ground floor there are two bedrooms, two bathrooms, terrace and courtyard. The first floor consists of two bedrooms, two bathrooms, two kitchens and two terraces, while in the attic there is a bedroom, kitchen, living room, bathroom and a large terrace. Outside stairs lead to the first floor and the attic. Within the house there is also a office space of 22 m2. In the garage there is a furnished apartment of 48 m2, with one room, large living room, kitchen and shower. The house is in excellent condition and is located around 300 meters from the sea and the beach. For any further information please contact our CPS office.

Location

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

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