Immobalko

Podstrana – Grljevac · Central Dalmatia · Croatia

In a quiet part of Sveti Martin in Podstrana, a two-story part of a house is for sale in a shell…

For sale · House · Reference IB-14376

€299,999

Key facts

Price
€299,999
Price per m²
€909/m²
Living area
330 m²
Plot area
782 m²
Rooms
5
Year built
1993
Distance to airport
23 km
82% below the regional average (Region average: €5,049/m²)Online for 11 days

Investment overview

Estimated gross yield

22.7%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 330 m² that works out to roughly €5,680 per month and €68,159 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

In a quiet part of Sveti Martin in Podstrana, a two-story part of a house is for sale in a shell construction phase, with a total internal area of 330 m2, situated on a plot of 782 m2. The property represents an excellent opportunity for investors or buyers who wish to complete the project according to their own desires and needs. The building is legalized, and connections for water and electricity have already been made. An architectural survey of the as-built condition is available, along with a statement from a licensed civil engineer. According to the previous design idea, the space allows for the construction of multiple residential units, making it an excellent choice for investment, tourist rental, or family living. The property is located just about 300 meters in a straight line from the beautiful beach. The majority of the access road is paved, while the final part is gravel. The large area, tidy documentation, proximity to the sea, and the possibility of arranging according to one's own vision make this property an excellent opportunity in an attractive location in Podstrana.

Location

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

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