Immobalko

Hvar · Central Dalmatia · Croatia

Hvar, villa for sale, 835.000 €

For sale · Villa · Reference IB-16628

€835,000

Key facts

Price
€835,000
Price per m²
€3,187/m²
Living area
262 m²
Plot area
1,000 m²
Rooms
5
Bathrooms
3
37% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

6.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 262 m² that works out to roughly €4,509 per month and €54,114 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 modern house of size 262 m2 with 32 m2 swimming pool. Located on a plot of 1000 m2 on the slopes of a hill with a beautiful open view of the sea, this house has olive groves, vineyards, lavender fields, views in all directions, including to Makarska riviera and Brac island. It was built in 2004, quality materials were used in construction and it has been very well preserved. Easy and direct access by car, has garages of approximately 45 m2 in front and one covered parking space. Mediterranean plants are planted in the garden around the house and pool: tangerines, lemons, oranges, a few olives, lavender, rosemary. Right next to the pool is the pool engine room with a small wine cellar.  Behind the house is a BBQ and a yard, which is great for entertaining.  The house has a basement with storage, a pantry, a laundry room, and a tavern for entertaining. On the ground floor there is a private apartment with a fully equipped kitchen and living room, a large living room, kitchen, dining room, utility room, bathroom and two bedrooms, exit to the terrace. There are two apartments on the first floor, one with one bedroom and one with two bedrooms. House is located in a quiet location and offers privacy. Swimming pool is heated by solar panels, a 320 liter boiler is located under the stairs. This house comes with a license to rent the upper floor.

Location

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

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