Immobalko

Vis · Central Dalmatia · Croatia

Vis, old stone house for sale, 179.000 €

For sale · House · Reference IB-16522

€179,000

Key facts

Price
€179,000
Price per m²
€3,809/m²
Living area
47 m²
Plot area
658 m²
25% below the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

5.4%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 47 m² that works out to roughly €810 per month and €9,715 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

An old stone ruined house on the south side of the island of Vis. The house has 47 m2 and is located on a plot of 658 m2 which is building land (M1 zone). The terrain is slightly sloping, suitable for building. The house has an unobstructed view of the sea. It is located 200 m from the sea and a 10-minute easy walk to the most famous beach, Srebrna. The house has a certificate that it was recorded on an aerial photograph from 1952 and as such can be renovated. Since it is located on building land, the construction of a larger building is possible. The land has its own electricity and water connection, and access with a vehicle is possible from two sides of the plot, from two streets.

Location

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

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