Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, house for sale, 530.000 €

For sale · House · Reference IB-16702

€530,000

Key facts

Price
€530,000
Price per m²
€2,465/m²
Living area
215 m²
Plot area
717 m²
Rooms
6
Bathrooms
6
51% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

8.4%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 215 m² that works out to roughly €3,703 per month and €44,439 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

Unfinished house in an attractive and quiet location in the first row to the sea. Up to this stage, the house has been built to a very high standard, and very well and practically designed. Installed installations for electricity and water. The house has two floors with a total area of 215 m2. On the ground floor, there is a large living room that is designed in a cascade, has an installed chimney, the possibility of installing a wood stove. There is also a kitchen and 3 large rooms with attached bathrooms on the ground floor. The ground floor is 115 m2 and has high ceilings, which contributes to the impression of an open space. External stairs lead to the second floor of 105 m2 where there are three apartments. The entire plot is surrounded by dry stone walls, and given the size of the plot, the future owner has numerous options for decorating the outdoor space and garden.

Location

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

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