€595,000Hvar · Central Dalmatia
House, For Sale, Hvar, 210 m2, Detached House
210 m² · 7 rooms
Kaštela · Central Dalmatia · Croatia
Kastela, old stone house for sale, 600.000 €
For sale · House · Reference IB-16153
€600,000
Key facts
- Price
- €600,000
- Price per m²
- €3,704/m²
- Living area
- 162 m²
- Plot area
- 50 m²
- Rooms
- 6
- Bathrooms
- 1
27% below the regional average (Region average: €5,051/m²)Online for 1 day
Investment overview
Estimated gross yield
5.6%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 162 m² that works out to roughly €2,790 per month and €33,484 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
Situated within the historic core of Kaštel Stari, just 70 metres from the sea and waterfront promenade, this authentic 17th-century stone house is a rare historic property set within one of Dalmatia's original coastal settlements. Its private enclosed courtyard and position within the historic urban fabric create a combination that is seldom found in today's market. The preserved original architectural elements, private enclosed courtyard and position within a protected cultural and historical entity make this house a unique opportunity on the Dalmatian coast. Properties of this character and historical value appear on the market extremely rarely today. The house covers a total of 162 m2 of gross developed area, spread over three floors that offer numerous design options. In addition to the residential part, the property also includes two authentic stone taverns, which further emphasize its original Dalmatian character and offer the possibility of conversion into attractive facilities. Of particular value is the private enclosed courtyard of approximately 30 m2, a space that provides peace and privacy in the very center of the historic core, as well as the 18 m2 terrace, ideal for relaxing outdoors. The roof was completely renovated in 2012, which is an important step in preserving the building itself. The property is a protected cultural heritage site, which further confirms its historical and architectural value. In addition to its authenticity, this property is also distinguished by its extremely favorable location. Split International Airport is only 5 kilometers away, the historic core of Trogir is 8 kilometers away, while the center of Split is approximately 18 kilometers away, which allows for excellent transport connections throughout the year. This stone house represents an excellent opportunity to create a luxurious private residence, an exclusive vacation home or a boutique heritage project that will combine authentic Dalmatian architecture with modern housing standards. Thanks to its history, location and potential, it is an investment that will retain its value for years to come.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
