Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, old stone house for sale, 145.000 €

For sale · House · Reference IB-17071

€145,000

Key facts

Price
€145,000
Price per m²
€1,318/m²
Living area
110 m²
Plot area
630 m²
74% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

15.7%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 110 m² that works out to roughly €1,895 per month and €22,736 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

A village on the southern, sunny side of the island, known for the family of winemarkets Plenkovic. The old stone farmhouse is located near the vineyard, on a slope that stretches towards the sea, therefor the enchanting view.The main house is semi-detached, on two floors, with a total of 80 sqmof good living space, and as stated clearly overlooking the sea but needing full modernization to your own finish.As a bonus there is also a small barn that sits behind the main house of 30 sqm for your future fun.Add to this the front garden is exceptional size and could be a buildingplot for a future or just a beautifull garden at sun place.In this village, time seams to stand still.All jobs are mainly performed almost as they were distand past. Even the grapes are still crushed by the winemakers feet, so even if you are not a wine love, making wine can be such fun.

Location

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

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