Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, apartment for sale, 349.000 €

For sale · Apartment · Reference IB-16477

€349,000

Key facts

Price
€349,000
Price per m²
€5,209/m²
Living area
67 m²
Rooms
2
Bathrooms
2
3% above the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

4.0%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 67 m² that works out to roughly €1,154 per month and €13,848 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

Charming 2-storey apartment in a stone terraced house. It is located in a unique location, in the old town of one of the Kaštela, just a few meters from the sea, the waterfront and the beautiful promenade. It is close to all amenities, and most importantly the beach. The exterior is made of traditional Dalmatian stone, and the entire interior of this exceptional property is rustically furnished. It was completely renovated in 2021: - concrete slab installed on each floor- new installation (electricity, water and sewage)- new roof with insulation- high-quality oak flooring- all furniture is made of solid wood, custom-made (kitchen, all room doors, table, chairs, wardrobes, chests of drawers)- underfloor air conditioners in each room This two-storey apartment is located on the 1st floor and attic, and the entrance is close to the waterfront, on the west side of the house. The living area is 67 m2. On the first floor there is a kitchen and dining room connected to the living room, a bathroom and a small storage room under the stairs. Stairs with a glass fence lead to the second floor, where there are two bedrooms and a toilet. The apartment does not require any additional investment, and the current owner uses the property only for rental during the summer season, they have never lived in it. It represents an excellent investment for rental, but it can also be a nice family apartment.

Location

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

Similar properties