€280,000Rovinj · Istria
Istra, Rovinj- Namješten jednosoban stan
56 m² · 1.5 rooms
Lumbarda · Southern Dalmatia · Croatia
In a quiet part of the settlement of Lumbarda on the island of Korčula, there is a building plot…
For sale · Land · Reference IB-12007
€185,000
Key facts
- Price
- €185,000
- Plot area
- 740 m²
- Distance to airport
- 56 km
Online for 11 days
Investment overview
Southern Dalmatia currently has 2 active rental listings. From 20 comparable listings onwards we show the estimated gross yield here.
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
In a quiet part of the settlement of Lumbarda on the island of Korčula, there is a building plot with a total area of 740 m2, consisting of two connected parcels. The plot is rectangular in shape, with a slight narrowing, allowing for various possibilities in shaping the future building. Access is provided via an asphalt road that connects to a gravel road, and connections for electricity and water are in the immediate vicinity. The land is only 300 meters in a straight line from the sea, while the famous beaches of Pržina and Bilin Žal are 2.5 kilometers away. The center of Lumbarda, with shops and restaurants, is about 1 kilometer away, ensuring a peaceful yet connected location. According to the valid spatial plan, the land is located within the building area of the settlement in a mixed-use zone with an emphasis on residential purposes. Although the Urban Planning Regulation has not yet been adopted, construction is permitted according to the applicable provisions. The construction of a detached residential building is possible, as well as facilities that are not incompatible with residential use – such as smaller tourist or service facilities. The parcel is located in an undeveloped part of the building area, where the minimum allowed area is 300 m2, and the minimum width at the regulation line is 14 meters – both conditions are met. The built coefficient is 0.3, and the utilization coefficient is 1.5. Based on this, the maximum gross developed area (GDA) for individual parcels ranges from 495 m2 to 598 m2, depending on the size of the parcel. This property represents an excellent opportunity for the construction of a family house or a smaller tourist facility, with all conditions allowing for the quick realization of the project.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
