Immobalko

Split · Central Dalmatia · Croatia

Split, apartment for sale, 499.000 €

For sale · Apartment · Reference IB-16136

€499,000

Key facts

Price
€499,000
Price per m²
€6,316/m²
Living area
79 m²
Rooms
3
Bathrooms
2
25% above the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

3.3%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 79 m² that works out to roughly €1,361 per month and €16,329 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 a beautiful location on the high ground floor (feels like the second floor). It has a total of 79 m2, and during renovation in 2018, the apartment is divided into two units. ideal for living, tourism or long-term rental. The first apartment is characterized by a modern kitchen equipped with all necessary appliances, a dining room for 4-6 people and a cozy TV area. A spacious bedroom with a built-in wardrobe provides enough storage space, while an elegantly decorated bathroom with a shower cabin further contributes to the comfort and functionality of the space. The second apartment is decorated in a modern design concept and represents a multifunctional and very cozy space. It contains a practical work and dining area with a bar, a comfortable living room and large windows that provide the space with plenty of natural light and create a pleasant atmosphere. The property is given additional value by a spacious woodshed located in the basement, as well as an excellent micro location. Due to the functionality of the space, attractive decoration and high demand for rental, the property represents a very interesting investment opportunity. It is located close to schools, kindergartens, shops, public transport and all important amenities.

Location

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

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