Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, old stone house for sale, 179.000 €

For sale · House · Reference IB-16258

€179,000

Key facts

Price
€179,000
Price per m²
€2,557/m²
Living area
70 m²
Rooms
2
Bathrooms
1
49% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

8.1%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 70 m² that works out to roughly €1,206 per month and €14,469 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

Stone house only 30 m from the sea. It consists of three floors. On the ground floor there is a kitchen with a dining room and a bathroom. On the first floor there is a living room, and on the second floor there is a bedroom. The entrance is from the south side. No major renovation is needed. It is located in the old town in a protected area. It is not possible to access the house by car, but it is possible to park on a public area only 20 m from the house. This property can be excellent for living and for tourist rental.

Location

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

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