Lovran family house in a good location

For sale · House · Reference IB-19797

€625,000

Key facts

Price: €625,000
Price per m²: €2,083/m²
Living area: 300 m²
Plot area: 100 m²
Rooms: 7
Bedrooms: 4
Bathrooms: 2
Distance to sea: 374 m
Distance to airport: 25 km

47% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

8.6%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 300 m² that works out to roughly €4,500 per month and €54,000 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

In Lovran, at an excellent location, we are selling a very beautiful and carefully maintained property with a new facade and joinery. The house is within walking distance of the beach, promenade, all essential services and the centre of Lovran. From the terraces and all south-facing windows there is a view of the sea. In the basement there is a space that served as a workshop, plus a separate room with a pellet stove. In the yard there is a garage and a summer kitchen with a large fireplace which, with minor investment, can be transformed into a beautiful space for gathering with friends. On the ground floor there is a one-bedroom apartment with a living room of 50 m2. From the living room and bedroom there is access to a large terrace in front of which is a carefully maintained garden with Mediterranean plants, palms and flowers. On the first floor with a separate entrance and a beautiful covered terrace is a three-bedroom apartment with a dining room and living room, bathroom, toilet and a balcony that runs along the entire south side with a view of the sea. In the attic there is a third apartment with its own separate entrance - a high attic space with installations installed but currently in raw state. A very beautiful property for a large family or a family that would also like to engage in rental activity. The property is also very suitable for tourist exploitation.

This text was machine translated and reviewed by the agency.