SELCE - STONE HOUSE FOR RENOVATION

For sale · House · Reference IB-19312

€150,000

Key facts

Price: €150,000
Price per m²: €1,667/m²
Living area: 90 m²
Plot area: 40 m²
Rooms: 4
Bedrooms: 2
Bathrooms: 1
Distance to sea: 27 m
Distance to airport: 13 km

58% below the regional average (Region average: €3,934/m²)Online for 13 days

Investment overview

Estimated gross yield

10.8%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 90 m² that works out to roughly €1,350 per month and €16,200 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

A beautiful old autochthonous terraced house for sale, in the old part of Selce. The yard is surrounded by a high stone wall, which offers complete privacy to future owners. The house is designed in such a way that all rooms are oriented towards the yard. On the ground floor there are 2 rooms with separate entrances, and a bathroom. The 1st floor is reached by an external stone staircase towards the plateau where there are 2 more rooms. At the very top of the house, which can be reached by external stairs, there is a roof terrace overlooking the sea. The house requires complete renovation. Due to the many interesting stone elements of traditional coastal architecture, the house is ideal for someone who would restore it in its original form. Distance from the center of Selce and all necessary facilities is only 400 m. Great potential!