Opatija city center, 60 m2 apartment on a quiet street

For sale · Apartment · Reference IB-19026

€315,000

Key facts

Price: €315,000
Price per m²: €5,250/m²
Living area: 60 m²
Rooms: 3
Bedrooms: 3
Bathrooms: 1
Distance to sea: 370 m
Distance to airport: 25 km

34% above the regional average (Region average: €3,931/m²)Online for 13 days

Investment overview

Estimated gross yield

3.4%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 60 m² that works out to roughly €900 per month and €10,800 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

Apartment in the strict center of Opatija with an area of 60 m2, featuring a terrace and wood storage. Located on the raised ground floor of a residential building. The apartment comprises an entrance hallway, bathroom, kitchen and two rooms. It also has a small storage room on the same floor. The apartment requires light renovation. Due to its proximity to all amenities, the apartment is particularly attractive for elderly persons, as there are not many stairs to navigate.

This text was machine translated and reviewed by the agency.