Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, old stone house for sale, 440.000 €

For sale · House · Reference IB-16243

€440,000

Key facts

Price
€440,000
Price per m²
€2,933/m²
Living area
150 m²
Rooms
3
Bathrooms
3
42% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

7.0%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 150 m² that works out to roughly €2,582 per month and €30,981 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, renovated, old stone house in the center of one of the Kaštela. The house is located some 50 meters from the sea, near cafes, restaurants and shops. The house was renovated several years ago and has a total of 150 m2 of living space. The house has a ground floor and two floors, and on the top floor there is a large open terrace. The ground floor has a large living room, kitchen and bathroom. On the first floor are two bedrooms and a bathroom, and on the second floor is another bedroom, bathroom and a large uncovered terrace of 17 m2. The house is in excellent condition and is suitable for living, as well as for tourist rent. It is situated in a great location, in the center of a small town, and near the sea.

Location

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

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