Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, house for sale, 395.000 €

For sale · House · Reference IB-16369

€395,000

Key facts

Price
€395,000
Price per m²
€2,194/m²
Living area
180 m²
Rooms
4
Bathrooms
3
57% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

9.4%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 180 m² that works out to roughly €3,100 per month and €37,205 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

A terraced house in the center of a small town just 100 m from the sea. The house has two floors and attic. At the northern entrance on the ground floor there is an apartment as a separate unit. It consists of a bedroom, bathroom, living room with kitchen and dining room. On the eastern side of the ground floor there is another separate unit that has a kitchen, pantry and bathroom in use at the moment, but can be converted into an apartment. External stairs lead to the apartment on the first floor, which consists of a spacious hallway, three large bedrooms, kitchen and bathroom. The apartment has large openings and lots of light. Partial renovation is required. In front of the house there is a courtyard with a seating area. There is also a barbecue and an outdoor well. The courtyard is shared with neighboring houses. The house does not have a parking space, but it is possible to park on a public area nearby. Only 100 m from the house is the Riva and the town promenade, and restaurants, cafes and supermarkets are within walking distance.

Location

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

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