Immobalko

Šolta · Central Dalmatia · Croatia

Solta, old stone house for sale, 245.000 €

For sale · House · Reference IB-16750

€245,000

Key facts

Price
€245,000
Price per m²
€2,634/m²
Living area
93 m²
Plot area
34 m²
Rooms
4
48% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

7.8%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 93 m² that works out to roughly €1,601 per month and €19,208 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

The old stone house, family heritage, is located in a prime location, only 25 m from the waterfront and the sea. From the first floor of the house there is a wonderful view of the sea and the bay. The house is semi-detached in nature, and is sold as a whole in the width of the balcony. The entrance to the house is from the back of the house from the common yard where the entrance to the other house is also. The house consists of a basement, ground floor and first floor. The basement is not furnished and consists of one room and one toilet. The ground floor (viewed from the front, 1st floor) consists of a hallway, two bedrooms, two kitchenettes, one bathroom and a covered terrace, while the first floor (viewed from the front, 2nd floor) consists of a hallway, two bedrooms, a kitchenette , one bathroom and terrace. The total net area is 79 m2, while each terrace is about 7 m2. The ground floor and the first floor of the house are in very good condition, while the basement can be arranged as a residential or business space or a tavern. The yard in front of the house is 34 m2 in size, where you can park for 2 cars or a terrace for a tavern or both, while the adjoining part of the common yard where the entrance to the house is is 17 m2. The wooden floors between the floors were replaced with concrete slabs. With minimal investment, the house can be arranged for tourist purposes, given the location.

Location

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

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