+19% above market
median 1,127 €/m² for comparable properties
119,000 € 1,337 €/m²
Rent covers ~ 97% of the payment
~ 512 €/mo rent · you top up ~ 16 €/mo
Sale35,000 €472 €/m²
Expected rent512 € /mo
~48,500 € BELOW MARKET
far below market
against the median for apartments in Balchik (343 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
74 m²
Floor
4 / 5
Construction
Brick
Year
2008
Yield analysis
Strong investment rating
Monthly payment155 €20% down payment · 20 yrs · 3%
Expected rent512 €at market conditions for the neighbourhood
The rent covers 330% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▼ 12.5% · 5,000 €
- 40,000 €
- 31,000 €▼ 9,000 € (22.5%)
- 31,000 €▲ 0 € (0%)
- 35,000 €▲ 4,000 € (12.9%)
- 35,000 €▲ 0 € (0%)
Property analysis
This apartment is priced about 48,500 € below the typical price (the median) for apartments in Balchik (343 properties) — 472 €/m² against 1,127 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
2-room apartment in Balchik, Dobrich region, located in the gated complex Lighthouse Golf Resort. The property has a floor area of 74 sq m and is situated on the 4th floor of a 5-storey building with an elevator.
The layout includes a living room with dining area and kitchenette, bedroom, terrace, and bathroom with toilet, providing functional use of the space. The apartment is in shell condition, allowing finishing works according to the preferences of the new owner.
The building was constructed in 2008 with brick construction and features basic amenities such as an elevator, video surveillance, and access control. The complex offers parking and security for additional safety.
The location is close to a supermarket and pool within the complex, which also offers various sports and recreational facilities such as a golf course, SPA center, tennis court, and kids club.
The property is suitable for people seeking housing in a secured environment with sports opportunities and leisure amenities.
With 20% down over 20 years the monthly mortgage payment is about 155 €, against an expected local rent of 512 €. The rent covers the whole payment (330%).
This property is advertised in 3 offers from 3 different sellers. All offers are at the same price. It has been listed for 273 days. The asking price has fallen by 5,000 € (12.5%) since it was first listed.
Pros and cons
AI summaryPros
- gated complex
- elevator
- terrace
- parking
Cons
- shell condition
- 4th floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 58% below the average for comparable properties.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 273 days.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 3 listings at the same price.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
Amenities
- Elevator
- Gated Community
- Video Surveillance
- Access Control
- Renovated
- With Parking
- Security
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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