Immobalko

Trogir/Čiovo · Central Dalmatia · Croatia

Trogir/Ciovo, house for sale, 360.000 €

For sale · House · Reference IB-16457

€360,000

Key facts

Price
€360,000
Price per m²
€2,143/m²
Living area
168 m²
Plot area
337 m²
Rooms
5
Bathrooms
3
58% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

9.6%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 168 m² that works out to roughly €2,894 per month and €34,725 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

We mediate in the sale of this house located in Okrug on Ciovo. This house consists of 2 separate units and entrances but is sold as a detached house. One part of the house is habitual and can be used, while the second part is in roh-bau condition. But the owner is selling the house with a new buildings permit and a project for the renovation of the existing house into a new, modern house.  At the current stage, this house consists of a basement, ground floor and 1st floor, while the new permit has been approved for an additional floor with a flat roof.  Currently, there are 5 bedrooms and 3 bathrooms in total, with each unit having a kitchen and living room area as well. Also, there are 2 garages in the basement area, one for each unit.  With the new buildings permit, it would be possible to build a house with one unit that can have 4 floors in total, with a maximum height of 10,45 m, and a flat roof.  Additionally, it would be possible to build a swimming pool as well.  This house is located in a nice area, not far from the sea and it is a dead-end street, so no traffic is going on in front of the house. In its current stage, this house has merely a partial sea view from the top balcony but with the reconstruction, there would be one additional floor, which would open the possibility of a nice sea view.  Ownership of the house is in order, and the current buildings permit is valid until November 2026, and can be extended for an additional 3 year period if construction would not start until then.

Location

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

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