Immobalko

Makarska · Central Dalmatia · Croatia

Unique Investment Opportunity in the Old Town of Makarska - sea view

For sale · Apartment · Reference IB-12633

€520,650

Key facts

Price
€520,650
Price per m²
€5,850/m²
Living area
89 m²
Rooms
2
Floor
2
Distance to airport
28 km
16% above the regional average (Region average: €5,051/m²)Online for 11 days

Investment overview

Estimated gross yield

3.5%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 89 m² that works out to roughly €1,533 per month and €18,396 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

Unique Investment Opportunity in the Old Town of Makarska - sea view Located in the heart of Makarska, this unique residential unit perfectly blends historic charm with modern design. Ideal for lovers of the old town and modern living, the property has been fully renovated and offers a high standard of living, just a few steps away from the picturesque Makarska promenade and the sea. This is a very rare opportunity to purchase an attic apartment located in the very heart of the old town of Makarska, only 50 meters from the sea. The property is situated on the ground floor of an authentic stone building in traditional Dalmatian style, with impressive 70 cm thick walls that provide excellent insulation and historic charm. The building is protected by the Croatian Ministry of Culture as intangible cultural heritage, which further increases its value. The apartment is 69m² in size, plus an 18m² terrace and 2m2 staircase, and consists of an open-plan space that includes a living room, kitchen, and dining area, two bedrooms, two bathrooms, a laundry and storage room, a hallway with an entry area, and a spacious uncovered terrace. The property is equipped with a cooling and heating air-conditioning system, as well as underfloor heating in the bathroom. The property is being sold unfurnished, and the images in the listing show a 3D model design of the interior, providing insight into the space's potential and the possibility of customizing it according to your preferences. The location of this property offers not only proximity to the sea but also easy access to all essential amenities for daily life and relaxation, including restaurants, shops, and cafés, making it the perfect choice for those who enjoy living in the city center.

Location

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

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