Three-Story House in the Heart of Mali Lošinj with Beautiful Grounds and Views

For sale · House · Reference IB-19414

€790,000

Key facts

Price: €790,000
Price per m²: €2,633/m²
Living area: 300 m²
Plot area: 570 m²
Rooms: 12
Bedrooms: 10
Bathrooms: 8
Distance to sea: 289 m
Distance to airport: 7 km

33% below the regional average (Region average: €3,931/m²)Online for 12 days

Investment overview

Estimated gross yield

6.8%

Based on the rental average in Kvarner of €15.00 per m² and month, drawn from 97 active rental listings. At 300 m² that works out to roughly €4,500 per month and €54,000 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

On an excellent location in the heart of Mali Lošinj, a detached three-story house is for sale (each floor spans 110 m2) with large terraces, a loggia, balconies and a high attic. The house is fully fenced and features well-maintained grounds decorated with Mediterranean native plants, a legalized auxiliary building on the property with a terrace and grill. The ground floor consists of two established tourism apartments, fully equipped; each comprises two bedrooms, a kitchen with dining area and a WC; surface area 40 m2 (each) and auxiliary space (storage), with each apartment having its own terrace. The first floor features an enclosed entrance veranda, three bedrooms each with access to a private balcony, and each bedroom has its own bathroom with WC; a spacious living room of 20 m2 with a loggia offering sea and surrounding views; a kitchen and dining area with a balcony. The second floor is designed identically to the first. The attic has a total area of 110 m2 and features a terrace of approximately 9 m2 on the building roof. The roof was renovated with new Mediterranean-style covering four years ago, and the facade has been freshly repainted. Solar panels are installed on the roof, providing hot water throughout the year. Parking options include 2 covered parking spaces and a covered boat berth. Heating and cooling on the ground floor is organized with quality air conditioning units, while the upper floors have the option of central electric heating or a combination of air conditioning units and a wood-burning stove. With minor additional investment and given the attractive location, proximity to the sea, peaceful area surrounded by family homes and villas with pools, and good road access, the house has significant potential for tourism activities.

This text was machine translated and reviewed by the agency.