Immobalko

Vis · Central Dalmatia · Croatia

Vis, house for sale, 550.000 €

For sale · House · Reference IB-17046

€550,000

Key facts

Price
€550,000
Price per m²
€3,056/m²
Living area
180 m²
Plot area
369 m²
Rooms
5
Bathrooms
5
39% below the regional average (Region average: €5,049/m²)Online for 1 day

Investment overview

Estimated gross yield

6.8%

Based on the rental average in Central Dalmatia of €17.21 per m² and month, drawn from 27 active rental listings. At 180 m² that works out to roughly €3,098 per month and €37,177 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

On the south side of the island of Vis, in a small and quiet village, only 200 m from the sea are located 2 detached houses, built 35 years ago. They are located next to each other, and are sold together, although they have separate scales and are registered at 2 home addresses. Both houses are in very good condition. Given the great location, they are a great investment to rent throughout the tourist season.The properties are also in the function of tourism, and are categorized as holiday homes with 3 stars. The total living area of all existing units is about 180 m2, while the land area is 369 m2. The ground floor consists of 3 one-bedroom, fully equipped apartments, and each of them has its own small terrace, while on the first floor there is a one bedroom apartment with a beautiful south-facing terrace, which offers a sea view. The garden consists of beautifully grown Mediterranean plants, a very practical summer kitchen, fireplace and outdoor bathroom. Both houses contain all the necessary infrastructure. Vehicle access is possible, and parking spaces are provided in front of the houses.

Location

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

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