Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, old stone house for sale, 300.000 €

For sale · House · Reference IB-16804

€300,000

Key facts

Price
€300,000
Price per m²
€2,500/m²
Living area
120 m²
Rooms
2
Bathrooms
2
51% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

8.3%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 120 m² that works out to roughly €2,067 per month and €24,803 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

Old stone house in the old core of one of the Kastelas. The property has been renovated and offers a number of possibilities in private and business terms. The total living area is 120 m2, and it consists of 3 floors and a flat roof. The house consists of two bedrooms and two bathrooms, as well as a kitchen and a living room. The flat roof offers the option of today's modern roof terraces, which provides additional space and a panoramic view of the entire coast. The distance from the sea and the waterfront is 145 m, and it is located in the very center, close to cafes, restaurants and supermarkets. The nearest airport is only 6 km away.

Location

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

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