Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, house for sale, 1.300.000 €

For sale · House · Reference IB-16279

€1,300,000

Key facts

Price
€1,300,000
Price per m²
€5,000/m²
Living area
260 m²
Plot area
5,900 m²
Rooms
4
Bathrooms
1
1% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

4.1%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 260 m² that works out to roughly €4,478 per month and €53,740 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

Property with potential, house with large building plot of 6000 m2 in a small town on Hvar. The house is originally stone, during the last renovation the facade was installed. The house consists of a ground floor, first floor and attic. On the ground floor there is a large old tavern and utility rooms, total area of 100m2. On the first floor there is a kitchen with dining room and living room, bathroom and four bedrooms, total area of 100m2. From the living room, external stairs lead to the attic of 56m2 which is not arranged for living and a spacious terrace of 37m2. In front of the tavern there is a garden, with numerous Mediterranean plants and a large olive grove with 50 fruitful olive trees.

Location

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

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