House: Hvar, 239.00 m2 with sea view, 50 m from the sea, HVAR TOWN (sale)

For sale · House · Reference IB-20979

€1,080,000

Key facts

Price: €1,080,000
Price per m²: €4,519/m²
Living area: 239 m²
Plot area: 600 m²
Rooms: 6
Year built: 1968
Distance to sea: 75 m
Distance to airport: 23 km

6% above the regional average (Region average: €4,273/m²)Online for 1 day

Investment overview

Estimated gross yield

4.4%

Based on the rental average in Central Dalmatia of €16.67 per m² and month, drawn from 31 active rental listings. At 239 m² that works out to roughly €3,983 per month and €47,800 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 mediate in the sale of a house on Hvar, 50 m from the sea, second row with a beautiful open view from the terrace of 100 m2 in a quiet part of Hvar with detached family houses in the Križni rat area. It is a 10-minute walk to the centre of Hvar on one side and to the most beautiful beach on Hvar in Pokonji dol bay, a 10-minute easy walk along the sea. The house was built in 1968. The upper ground floor was completely renovated with changed installations in 2010, while the ground floor was renovated in 2021, together with the terrace and facade, and the roof in 2024. The house consists of two storeys: ground floor and upper ground floor. The ground floor, partially below ground level, with gross living area of 95 m2, consists of an apartment with two external entrances connected by a covered terrace of 10.53 m2, a living room/bedroom and a bedroom, each with its own bathroom. The upper ground floor, at the height of the first floor from the lower street, consists of living space with gross area of 95 m2, a large terrace of 100 m2 offering a beautiful open view of the sea, Hvar Channel and the Pakleni Islands. Garage of 18.60 m2. The house is built on a plot of 600 m2 with a beautifully landscaped and green yard. It is located between two roads: the upper street where parking for three cars is possible, and the lower street, from which there is access to the garage. Given the plot area, reconstruction can provide additional building volume according to the needs and wishes of the new owner. Building potential of 510 m2 GBP (gross building area). Contact: 091 313 2212

This text was machine translated and reviewed by the agency.