Immobalko

Šolta · Central Dalmatia · Croatia

Solta, house for sale, 895.000 €

For sale · House · Reference IB-16716

€895,000

Key facts

Price
€895,000
Price per m²
€2,439/m²
Living area
367 m²
Plot area
611 m²
Rooms
3
Bathrooms
2
52% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

8.5%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 367 m² that works out to roughly €6,317 per month and €75,801 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

House in a quiet bay in the first row from the sea. The detached house was built on a plot of 611 m2, and consists of: - 115 m2 of internal surface - 43 m2 of terrace (of which 25 m2 covered with a concrete roof) - 3 rooms (10, 12 and 14 m2) - 2 bathrooms with toilet (12 and 9 m2) - engine room (Buderus wood-fired central heating of the highest quality, electric central heating, 800L water storage, boiler heated by a solar panel) Garage (35 m2) completely closed with Horman door with remote control. Two parking spaces in the garage and 1 outside. Above the garage there is a dining room with a kitchen, a large fireplace and a toilet. Suitable for social gatherings. Commercial attic with floor plan area of 115 m2 with a balcony of 8 m2 can be converted into residential. All installations are delivered. Openings for luminaires are provided on the roof. The lower studio apartment with a bathroom measures 20 m2. Air-conditioned. Next to it is a well that can be used to water the garden or to expand the studio apartment. 2 utility rooms (storage rooms) are located next to the building. There is an outdoor fireplace in front. The house is located first row to the sea in a quiet and safe neighborhood in the interior of the bay, separated from the center of the town. There are many green areas and gardens around the house, which makes it a very pleasant place to live, especially in summer.  In excellent condition, renovated in 2015 and fully equipped, with a priceless view.

Location

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

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