Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, house for sale, 2.000.000 €

For sale · House · Reference IB-17031

€2,000,000

Key facts

Price
€2,000,000
Price per m²
€4,444/m²
Living area
450 m²
Plot area
329 m²
Rooms
9
Bathrooms
9
12% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

4.6%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 450 m² that works out to roughly €7,745 per month and €92,944 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

Detached apartment house with sea view. Construction of the ground floor of the house began in 2000, and in 2019 the building has been completely renovated (electricity, LED lighting, water, sewage, pvc carpentry, facade….). The house is in excellent condition ready for tourism or private purposes. The basement consists of a garage, storage room (tavern), laundry. In front of the house is a garden and a fireplace. The first floor consists of 3 apartments, 1 studio apartment and a covered terrace with a fireplace. The second floor consists of 3 apartments and a covered terrace. In the loft there is an apartment of 132 m2 with sea view. The house has 6 parking spaces, video surveillance throughout the building, alarm, central heating. Stairs, pillars, arches, railings and retaining walls are handmade from stone. The house has a total of 8 kitchens, 9 bathrooms, 9 bedrooms and 3 living rooms. The building is fully finished.

Location

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

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