Immobalko

Vis · Central Dalmatia · Croatia

Vis, old stone house for sale, 1.200.000 €

For sale · House · Reference IB-16176

€1,200,000

Key facts

Price
€1,200,000
Price per m²
€6,667/m²
Living area
180 m²
Plot area
86 m²
Rooms
5
Bathrooms
3
32% above the regional average (Region average: €5,051/m²)Online for 1 day

Investment overview

Estimated gross yield

3.1%

Based on the rental average in Central Dalmatia of €17.22 per m² and month, drawn from 28 active rental listings. At 180 m² that works out to roughly €3,100 per month and €37,205 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

Stone house in a row in the 1st line to the sea.  We have a new property in our offer. A charming stone house in the 1st line, in a picturesque city of Komiža. More then a century old house, located in a peaceful area, right next to a pebble beach.  Built in 1903, originally this was a family home, and it has been owned by the same family for generations.  The house itself has 3 floors, and a total of 210 m2 gross size. It is completely made from stone and has kept the authentic construction style of the island.  The ground floor has a spacious living room area, along with a kitchen in the same area. On the back side of the ground floor, there is a bedroom, another room which is used as a study room and a bathroom.  Wooden stairs leading to the 1st floor give an extra touch of authenticity. The 1st floor consists of 2 bedrooms and 1 bathroom, with a nice kitchen and living room area. One of the bedrooms has a cozy, small balcony, with great sea view, while the second bedroom has a nice view from the window.  Finally, we have the top floor. Although in the attic, the ceiling is high and makes the whole floor a bit bigger than it actually is. It only has one bedroom, but it is possible to fit 4 people because there is a couch that can turn into a bed in the living room area if needed. However, the best feature of this floor is the balcony on the side, partially covered. Usually, these stone houses do not have any form of an outdoor space, but this one does and has magnificent views of the city and sea.  Although the house is more than century old, it has been kept extraordinary and is in very good condition. Current owners have made some modifications in the house but have also made sure to keep the old style concept. Some of the furniture is more than 100 years old and is still being used on a daily basis.  This house can be used as a nice summer home or as a rental property, also can be a mix of both, like the current owners are doing. The beach is right in front of the house, and just a 2-3 min walk will take you to the center of Komiža, with lots of restaurants and shops.

Location

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

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