At market level
median 1,816 €/m² for comparable properties
104,000 € 1,677 €/m²
Rent covers ~ 142% of the payment
~ 657 €/mo rent · pays for itself in ~ 13 yrs
Sale102,000 €1,360 €/m²
Expected rent657 € /mo
~34,000 € BELOW MARKET
good value
against the median for apartments in Burgas (2,996 properties)
Area
75 m²
Floor
1 / 3
Construction
Brick
Year
1980
Yield analysis
Good investment rating
Monthly payment453 €20% down payment · 20 yrs · 3%
Expected rent657 €at market conditions for the neighbourhood
The rent covers 145% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 34,000 € below the typical price (the median) for apartments in Burgas (2,996 properties) — 1,360 €/m² against 1,816 €/m².
Two-room apartment with an area of 75 sq m, located in Peti Kilometar, Burgas city. The property includes a cellar and attic with additional space, as well as an ideal part of the land.
The layout features walk-through rooms, which may limit the functionality of the dwelling. The apartment is situated on the ground floor of a three-storey building.
The building is brick, built in 1980, and the property requires full renovation. Basic amenities are available, but the condition demands investment.
The location is in a residential area with access to urban infrastructure and nearby green spaces.
The property is suitable for people looking for a home with potential for renovation and adaptation according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 453 €, against an expected local rent of 657 €. The rent covers the whole payment (145%).
Pros and cons
AI summaryPros
- cellar and attic
- ideal part of land
- brick construction
Cons
- walk-through rooms
- ground floor
- needs renovation
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 25% below the average for comparable properties.
What is the scope of the work, and are there hidden problems with the wiring or plumbing?
Because: The listing states that the property needs renovation.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Amenities
- With Transition
- Needs Renovation
Details
- Category
- Residential
- Rooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 1,816 €/m² for comparable properties
142,200 € 1,692 €/m²
Rent covers ~ 104% of the payment
~ 657 €/mo rent · pays for itself in ~ 18 yrs