Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, apartment for sale, 300.000 €

For sale · Apartment · Reference IB-17072

€300,000

Key facts

Price
€300,000
Price per m²
€3,333/m²
Living area
90 m²
Rooms
3
Bathrooms
2
34% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

6.2%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 90 m² that works out to roughly €1,550 per month and €18,602 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

Apartment on the first floor in the center of Kastela. The apartment has 90 m2 of living space and consists of three bedrooms, two bathrooms, kitchen, living room and dining room. The apartment is habitable, but it needs modernization and some renovation. It is located 30 meters from the sea, and about 100 meters from the newly renovated beach. Everything needed for a living is close to the property. It has secured vehicle access, and parking is possible on the public area in front of the building. The apartment is in an ideal location for both living and tourist rentals. For any additional questions, please contact our CPS office in Split.

Location

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

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