Immobalko

Lumbarda · Southern Dalmatia · Croatia

On the eastern cape of the island of Korčula, in the beautiful Lumbarda, this spacious…

For sale · House · Reference IB-13821

€340,000

Key facts

Price
€340,000
Price per m²
€1,417/m²
Living area
240 m²
Plot area
324 m²
Rooms
6
Year built
1985
Distance to airport
56 km
68% below the regional average (Region average: €4,386/m²)Online for 11 days

Investment overview

Southern Dalmatia currently has 2 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.

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

On the eastern cape of the island of Korčula, in the beautiful Lumbarda, this spacious multifunctional house is situated, ideal for family living or investment in tourism. The house spans three floors and an attic, with a total net area of 320 m². Each floor has 80 m², providing diverse arrangement possibilities: Ground floor: Fully furnished apartment with one bedroom, bathroom, living room, kitchen, and a cellar with an additional toilet and storage. First floor: Shell construction space with installed partitions, ready to be arranged into a three-bedroom apartment according to your wishes. Second floor: Also in shell construction phase, with potential for two separate apartments. One apartment has partition walls, while the other is open for individual design. Attic: Low attic that can be converted into additional living space, office, or recreational area. Each residential unit has a separate entrance, ensuring privacy and flexibility of use. The yard includes a garden for relaxation and parking for two vehicles. Located just 500 meters from the sea, this house combines the tranquility of the Mediterranean environment with the proximity to all the amenities that Lumbarda offers, known for its vineyards, beaches, and rich cultural heritage. This is an excellent opportunity for a family home or investment in tourist rentals, with the possibility of customizing the interior according to your needs.

Location

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

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