Immobalko

Zagreb · Zagreb · Croatia

For sale, Apartment, Donji grad, Palmotićeva near Branimirova, 5 rooms, 145m2

For sale · Apartment · Reference IB-12586

€450,001

Key facts

Price
€450,001
Price per m²
€3,103/m²
Living area
145 m²
Rooms
5
Year built
1918
Floor
3
Distance to airport
10 km
16% below the regional average (Region average: €3,677/m²)Online for 11 days

Investment overview

Estimated gross yield

6.3%

Based on the rental average in Zagreb of €16.20 per m² and month, drawn from 198 active rental listings. At 145 m² that works out to roughly €2,349 per month and €28,193 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

For sale, Apartment, Donji grad, Palmotićeva near Branimirova, 5 rooms, 145m2 FOR SALE, APARTMENT, ZAGREB, CENTRE, PALMOTIĆEVA NEAR BRANIMIROVA. Spacious and sun-lit two-storey, 5-room attic apartment with a gross area of 160m2. The 1st level comprises a living room, 2 bedrooms, a kitchen with dining area, 2 bathrooms with WC, a hallway, a storage room and a splendid 30m2 terrace with east-west orientation. The gallery level comprises 2 bedrooms, a bathroom with WC and a storage room. It holds a final Building Permit (1982) and a final Occupancy Permit (1992); the title deed states 110,34 m2, ownership "one through one" (full ownership, 1/1). It holds a final Decision on As-Built Condition (2014). The existing roof covering needs to be replaced with new tiles, along with new roof windows and sheet-metal works, and the apartment needs renovating, i.e. replacement of the exterior wooden joinery, sanding and varnishing of the existing classic parquet flooring of about 120 m2, painting of the apartment's ceilings and walls as well as the interior wooden structure, and repainting of the terrace railing. After the earthquake the building received a "green sticker", and the apartment was not damaged. Ideal for a larger family or as an investment for long-term rental to foreign students. Close proximity to the University, the Main Railway Station and all amenities of the innermost centre. CREDIT BROKERAGE SERVICE: Opereta ekspert provides a free credit brokerage service, comparing offers from several banks in one place. Our team explains all the options and guides you through the entire process – from consultation to loan disbursement – so you can make an informed financial decision and save time.

This text was machine translated and reviewed by the agency.

Location

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

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