Immobalko

Kaštela · Central Dalmatia · Croatia

Kastela, villa for sale, 1.400.000 €

For sale · Villa · Reference IB-16417

€1,400,000

Key facts

Price
€1,400,000
Price per m²
€8,537/m²
Living area
164 m²
Plot area
723 m²
Rooms
4
Bathrooms
3
69% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

2.4%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 164 m² that works out to roughly €2,823 per month and €33,873 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

Modern villa with a swimming pool in one of the Kaštela, located directly by the sea, in the first row. The property is located on a plot of 723 m2, and is currently still in the interior design phase. The villa is two-storey. On the ground floor there is a large open space where there will be a kitchen, dining room and living room, one bedroom with a toilet and a bathroom. On the first floor there are three bedrooms, two of which have access to a balcony and from which there is a beautiful view of the sea and Čiovo, a bathroom and a toilet that still needs to be renovated. The entire villa is covered with marble on the outside, as well as the garden itself, and it is carefully decorated with Mediterranean plants. In front is an outdoor summer kitchen, also covered entirely in marble, a swimming pool with a large sunbathing area, and parking for several vehicles. This property is given special value by its microlocation - there are no neighbors on the right side of the villa. The entire property is fenced, and there are three entrances to the property. One is immediately from the south side, from the beach itself, the other is from  the right side of the villa, and another one is from the east side of the villa. The clear sea, peace and privacy offered by this location, and the top quality of construction and decoration make this property extremely attractive and a rare opportunity on the market. Whether you are looking for luxury for your own needs or recognize exceptional investment potential, this property offers both possibilities for sure.

Location

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

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