€460,000Bale · Istria
KRMED-BALE- ROVINJ-kombinirano zemljište
8,650 m² plot
Jelsa · Central Dalmatia · Croatia
In the old and quiet part of Vrboska, in a unique location right by the sea and the waterfront…
For sale · House · Reference IB-14404
€700,000
Key facts
- Price
- €700,000
- Price per m²
- €2,333/m²
- Living area
- 300 m²
- Plot area
- 380 m²
- Rooms
- 11
- Year built
- 1800
- Distance to airport
- 12 km
54% below the regional average (Region average: €5,051/m²)Online for 11 days
Investment overview
Estimated gross yield
8.9%
Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 300 m² that works out to roughly €5,167 per month and €62,008 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
In the old and quiet part of Vrboska, in a unique location right by the sea and the waterfront, there is a valuable property complex that represents an excellent opportunity for renovation and the creation of an authentic Mediterranean residence, holiday home, or investment project. The complex consists of two interconnected stone houses, located right by the waterfront, and two separate land parcels in close proximity. The larger stone house has a net floor area of 80 m², distributed over three levels, with the possibility of arranging a high attic, which can further increase the usable space. The house includes a garden, courtyard, and terraces that provide additional outdoor living space and enjoyment of the authentic Dalmatian ambiance. Connected to the larger house is a smaller stone house with an area of 30 m², also with the possibility of raising a high attic. Both residential units require renovation, allowing the future owner to fully adapt them to their own needs and ideas while preserving the characteristic stone architecture. The property is particularly valuable due to the parking located right next to the houses, on the waterfront, which is an extremely rare amenity in such a location. An additional investment value is represented by two separate land parcels. The first parcel of building land, measuring 350 m², is located just 15 meters from the houses, while the second parcel, measuring 100 m², is approximately 50 meters away. The land can be used for parking, a garden, additional amenities, or other purposes, depending on the future owner's needs and development possibilities. This property combines several exceptionally valuable elements – authentic stone houses, immediate proximity to the sea, private parking on the waterfront, private outdoor spaces, and additional land parcels. Thanks to its location in the old part of Vrboska and the potential for quality adaptation, it represents an interesting opportunity for those seeking a property with character on the island of Hvar, whether for personal living, tourist purposes, or long-term investment.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
