Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, old stone house for sale, 350.000 €

For sale · House · Reference IB-17136

€350,000

Key facts

Price
€350,000
Price per m²
€2,431/m²
Living area
144 m²
Plot area
36 m²
Rooms
4
Bathrooms
2
52% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

8.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 144 m² that works out to roughly €2,478 per month and €29,742 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

We are offering this restored house in Kastela, with partial sea views. It is situated 50m from the sea and the Riva promenade while all facilities such as shops, bars, restaurants are all nearby. The house consists of ground floor, first, second and third floor. The ground floor and first floor have one entrance, while the second and third floor has a separate entrance. The house was renovated completely in 2005, and the ground floor is being redecorated by the current owners. The ground floor has a living room, kitchen and bathroom. The first floor has two bedrooms.On the second floor there is a kitchen, dining room, living room and small storage room. Second floor is overlooking the sea. The third floor consists of two bedrooms, bathroom and small balcony. There are stairs leading to the covered terrace on the top floor. Total living area is 144 m2, and the plot  area is 36 m2. The house is oriented South- West- East. The ground floor apartment has a letting licence and the new owner may continue to use the two lower floors for tourism. There is parking on the public road in front of the house. The international airport is 10 minutes drive away, and Split is 20 minutes, with frequent buses. For any questions, CPS Split team is at your service.  Please contact the office to arrange to visit this and similar properties in the area.

Location

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

Similar properties