Immobalko

Split · Central Dalmatia · Croatia

Split, apartment for sale, 240.000 €

For sale · Apartment · Reference IB-16376

€240,000

Key facts

Price
€240,000
Price per m²
€5,217/m²
Living area
46 m²
Rooms
2
Bathrooms
1
3% above the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

4.0%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 46 m² that works out to roughly €792 per month and €9,501 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 on the ground floor near the promenade in the old part of the city. It has a total of 46m2 and consists of two rooms, a kitchen and a dining room/living room, and a bathroom. The apartment was completely and thoroughly renovated about 15 years ago, which included pouring concrete slabs in certain rooms, waterproofing, covering the walls with drywall and replacing all the floors. It has access by car and is located near all amenities.

Location

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

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