Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, old stone house for sale, 2.100.000 €

For sale · House · Reference IB-17103

€2,100,000

Key facts

Price
€2,100,000
Price per m²
€14,000/m²
Living area
150 m²
Plot area
140,371 m²
177% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

1.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 150 m² that works out to roughly €2,582 per month and €30,981 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

We are excited to present this large estate with stone houses just above a beautiful cove. It has a total of 140,000 m2 of land, of which 6,175 m2 is in the construction zone. On this part there is an old stone house for renovation, which has 76 m2 of living space and 162 m2 of courtyard around it. The whole land is connected with macadam roads, and is located about 10 km from Jelsa. As of now there are no electricity and water connections in this part of the island, but according to information we have the water will be connected by the end of this year. The property is located on the north side and is facing the island of Brac and the Makarska Riviera. For all further information please contact our CPS office in Hvar.

Location

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

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