Immobalko

Split · Central Dalmatia · Croatia

Split, Žnjan, 4 room apartment with sea view, 103 m², for sale

For sale · Apartment · Reference IB-18263

€620,000

Key facts

Price
€620,000
Price per m²
€6,019/m²
Living area
103 m²
Rooms
4
Bedrooms
3
Bathrooms
2
Floor
3
Distance to airport
16 km
18% above the regional average (Region average: €5,081/m²)Online for 0 days

Investment overview

Estimated gross yield

3.3%

Based on the rental average in Central Dalmatia of €16.54 per m² and month, drawn from 33 active rental listings. At 103 m² that works out to roughly €1,704 per month and €20,447 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

Located in the sought after Žnjan area of Split, just a short distance from the beach and all amenities needed for everyday living, this spacious and fully renovated three bedroom apartment offers beautiful views of the sea and islands. The apartment is situated on the third floor of a residential building built in 1998, without an elevator. As the only apartment on the floor, it offers an additional level of privacy and tranquillity. The apartment features 97.23 m² of net residential area, while the gross area is 119.58 m², with a net usable area of 103 m². An additional advantage is the four balconies, with a total area of approximately 22.7 m², providing plenty of natural light and pleasant spaces from which to enjoy the sea views. The interior is functionally arranged and comprises a spacious living room, kitchen with dining area, three bedrooms, two bathrooms and a practical storage room. The apartment is bright and airy, while the large glass openings further enhance the connection between the interior and the outdoor spaces. The apartment has been renovated and is equipped with air conditioning units, new PVC windows and doors, and a security entrance door. The building has a new façade and is well maintained. Additional flexibility and investment potential come from the fact that the apartment was originally divided into two separate residential units. There is a possibility of converting it back into two apartments, making the property an attractive option for tourist rental as well. Žnjan is one of Split's most desirable areas, known for its proximity to the sea, beach and seaside promenade, as well as its excellent connections to the rest of the city. Shops, restaurants, cafés and numerous other amenities are all located nearby. This property is an excellent choice for family living, a comfortable home by the sea or as an investment with tourist rental potential, offering an attractive combination of generous living space, privacy and sea views. An additional advantage of the property is the two uncovered parking spaces. The parking spaces are not separately registered as individual units but are located on land owned by the building. For any additional questions or to arrange a viewing of the property, please do not hesitate to contact us. ID CODE: 50512373 Matej Jurenić Mob: +385 91 288 0083 Tel: +385 91 2880 080 E-mail: matej@luvarealestates.com www.luvarealestates.com

Location

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

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