€335,000Zatka Čepić · Istria
LABIN-KRŠAN-ČEPIĆ
13,122 m² plot
Lumbarda · Southern Dalmatia · Croatia
In the village of Lumbarda, on the eastern coast of the island of Korčula, there is a house that is…
For sale · House · Reference IB-13822
€265,000
Key facts
- Price
- €265,000
- Price per m²
- €1,113/m²
- Living area
- 238 m²
- Plot area
- 306 m²
- Rooms
- 7
- Year built
- 1980
- Distance to airport
- 55 km
75% below the regional average (Region average: €4,431/m²)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 the village of Lumbarda, on the eastern coast of the island of Korčula, there is a house that is a perfect choice for commercial purposes, such as tourist rentals. This property offers an incredible opportunity for generating long-term income, as well as the possibility of reselling individual apartments for additional profit. The net usable area is 238 m2, consisting of 3 fully functional apartments and an additional 4 bedrooms with their own bathrooms. The house is surrounded by balconies and terraces on the ground floor. Each apartment has a kitchen, living room, dining room, bedroom, and bathroom. No major investments are needed, but the furniture can be changed as desired. The roof is in good condition, and the joinery is mostly wooden, while some windows or doors are PVC joinery. On the ground floor of the house, there is a garage, and in addition, parking is possible in front of it and in part of the yard. The plot size is 306 m2, surrounded by greenery that provides almost complete privacy as well as protection from the heat. The sea is only 250 m away, and the famous sandy beach is just 1 km away. All other amenities of the village of Lumbarda are in close proximity, while the town of Korčula is about 6 km away. Lumbarda is accessed from Korčula via a good, paved road that passes through picturesque landscapes of pine forests and olive groves. Lumbarda has a rich history preserved in written documents over two millennia old. In the past, it was a summer destination for the bishops and rulers of Korčula. The geographical peculiarity of Lumbarda is the rich archipelago of about twenty islets located off the territory of this municipality, the most famous of which is Vrnik - the island of stone, stonemasons, and sculptors. Furthermore, Lumbarda has always been particularly inclined towards art and artists - it is known for numerous sculptors, painters, poets, writers, and musicians. In addition, it is a well-known tourist destination. Such a reputation can be attributed to its beautiful nature, well-maintained walking and cycling paths, but above all, to its fantastic beaches, ranging from calm, sandy ones to secluded and wild.
Location
The map shows the approximate area. The exact address is provided by the agency on request.
