Immobalko

Split · Central Dalmatia · Croatia

Split, house for sale, 1.200.000 €

For sale · House · Reference IB-16805

€1,200,000

Key facts

Price
€1,200,000
Price per m²
€10,000/m²
Living area
120 m²
Rooms
3
Bathrooms
3
98% above the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

2.1%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 120 m² that works out to roughly €2,067 per month and €24,803 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

Stone house in a row on three floors in the center. It is perfectly located in the heart of the old town. It consists of three units. Each unit has its own bathroom. All rooms are decorated to a high standard and during the recent restoration, attention was paid to every detail. The house also has a breakfast area with a south-facing balcony. This luxury facility is categorized with 4 stars and already has a well-established business in tourism. It is located near restaurants, bars, shops, the fish market and all the sights of the city. There is no vehicle access, but all amenities are within walking distance.

Location

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

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