−18% below market
median 1,260 €/m² for comparable properties
55,000 € 1,037 €/m²
Rent covers ~ 159% of the payment
~ 387 €/mo rent · pays for itself in ~ 12 yrs
Sale63,000 €1,188 €/m²
Expected rent387 € /mo
AT MARKET LEVEL
fairly priced
against the median for apartments in Bansko (916 properties)
Area
53 m²
Floor
0 / 4
Construction
Brick
Year
2006
Yield analysis
Good investment rating
Monthly payment280 €20% down payment · 20 yrs · 3%
Expected rent387 €at market conditions for the neighbourhood
The rent covers 138% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
2 changes since listing▼ 3.1% · 2,000 €
- 65,000 €
- 66,500 €▲ 1,500 € (2.3%)
- 63,000 €▼ 3,500 € (5.3%)
Property analysis
This apartment is priced at the typical price (the median) for apartments in Bansko (916 properties) — 1,188 €/m² against 1,260 €/m².
Apartment with two rooms in Bansko, Blagoevgrad region, located in the Royal Park complex. The property is on the first high floor and has an area of 53 sq m. The layout includes a corridor and two walk-through rooms with a southwest aspect. The apartment is furnished and equipped with electrical appliances, heated by air conditioners in each room. The building is brick, built in 2006, with maintenance of common areas and access to a SPA zone during the winter period. The complex is situated in a quiet location, about 500 meters past the end of the asphalt road, close to natural landmarks such as Pirin and Rila. The property is suitable as a holiday home or an investment for rental due to its location and available amenities.
With 20% down over 20 years the monthly mortgage payment is about 280 €, against an expected local rent of 387 €. The rent covers the whole payment (138%).
The asking price has fallen by 2,000 € (3.1%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- southwest aspect
- access to SPA zone
- quiet location
Cons
- ground floor
- maintenance fee
Layout
- corridor
- room
- room
Details
- Category
- Residential
- Rooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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