Immobalko

Vis · Central Dalmatia · Croatia

Vis, house for sale, 500.000 €

For sale · House · Reference IB-16995

€500,000

Key facts

Price
€500,000
Price per m²
€2,976/m²
Living area
168 m²
Plot area
257 m²
Rooms
4
Bathrooms
4
41% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

6.9%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 168 m² that works out to roughly €2,892 per month and €34,699 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

Beautiful detached apartment-type house, in an excellent location, on the south side of the island of Vis. Distance from the sea and a very nice small beach is only 35 m. Distance from the town of Vis is about 9 km. The house is located on a plot of 255 m2, and the total area of the house is 74 m2 and is partially lined with decorative stone. The house consists of two floors. On the ground floor there is one one-bedroom and one two-bedroom apartment, with a beautiful sea view, terraces, summer kitchen, barbecue and storage. On the first floor there are also two one-bedroom apartments. The owners rent a total of three apartments during the tourist season, two on the ground floor and one on the south-facing floor. The fourth apartment, which is western oriented, is used by the owners only for private purposes. All apartments are nicely decorated and fully furnished, and there is no need for additional investment. The house is ready to move in immediately, and has all the necessary infrastructure, as well as 3 secured parking spaces just behind the house.

Location

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

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