KOSTRENA - Multi-unit Residential House

For sale · House · Reference IB-19427

€384,000

Key facts

Price: €384,000
Price per m²: €1,745/m²
Living area: 220 m²
Plot area: 40 m²
Rooms: 9
Bedrooms: 4
Bathrooms: 4
Distance to sea: 728 m
Distance to airport: 10 km

56% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

10.3%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 220 m² that works out to roughly €3,300 per month and €39,600 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

Opatija Nekretnine offers a double house in Kostrena with grounds and sea views. The property consists of 5 residential units comprising two studio apartments, 2 one-bedroom apartments and one two-bedroom apartment in the attic. The property is currently in partial raw construction state, which is reflected in the lower price. One studio apartment is located in the newly built section and has its own building permit. The house can serve as a family residence or each unit can be rented separately for tourist purposes. Each unit has its own electricity and water meter. The property includes a portion of the grounds and an additional plot that can serve as parking. The roof has been renovated, new PVC joinery installed, underfloor heating in all rooms, and bathrooms and kitchens have been fitted with tiling and plumbing installations.

This text was machine translated and reviewed by the agency.