At market level
median 1,554 €/m² for comparable properties
101,000 € 1,507 €/m²
Rent covers ~ 147% of the payment
~ 657 €/mo rent · pays for itself in ~ 13 yrs
Sale79,500 €1,394 €/m²
Expected rent657 € /mo
~9,000 € BELOW MARKET
good value
against the median for apartments in Kraimorie (42 properties)
Area
57 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment353 €20% down payment · 20 yrs · 3%
Expected rent657 €at market conditions for the neighbourhood
The rent covers 186% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 10 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This apartment is priced about 9,000 € below the typical price (the median) for apartments in Kraimorie (42 properties) — 1,394 €/m² against 1,554 €/m².
The offered property is a one-room apartment with an area of 57 sq m in the Krajmorie district, Burgas. The layout includes an entrance hall, utility room, bathroom with toilet, and a large living room with a kitchenette and sleeping area. The building is brick and has an elevator, currently at Act 15, which means construction is not completed. The location is within walking distance to the beach and close to shops and restaurants, with the option to purchase a parking space. The property is suitable both for permanent residence and as an investment due to its proximity to the sea and nature. Overall, it is a convenient and functional property with potential but requires finishing works.
With 20% down over 20 years the monthly mortgage payment is about 353 €, against an expected local rent of 657 €. The rent covers the whole payment (186%).
Pros and cons
AI summaryPros
- functional layout
- close to the sea
- elevator
- parking space option
Cons
- pre-Act 16
- unfinished construction
Layout
- entrance hall
- utility room
- bathroom
- living room
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 1
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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