~178,500 € BELOW MARKET
far below market
against the median for apartments in Burgas (2,996 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Yield analysis
Low investment rating
The rent covers 64% of the payment — you top up about 363 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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 178,500 € below the typical price (the median) for apartments in Burgas (2,996 properties) — 1,022 €/m² against 1,816 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Apartment with three rooms and a separate kitchen in the city of Burgas, Banevo district.
The layout includes three separate rooms, a kitchen, a bathroom with toilet, and a yard of 500 sq m, providing additional space for use.
The property is in a brick building, built in 1960, on the ground floor of a two-storey house and requires renovation.
The location is convenient, close to a bus stop, hospital, parks, and eateries, providing access to essential services and transport.
The property is suitable for a family looking for a spacious home with the possibility to renovate and use the yard space.
With 20% down over 20 years the monthly mortgage payment is about 1,020 €, against an expected local rent of 657 €. The rent covers 64% of it.
Pros and cons
AI summary- large area
- yard 500 sq m
- separate kitchen
- close to transport
- needs renovation
- ground floor
- old building
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 44% below the average for comparable properties.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1960 — about 66 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.
Layout
- room
- room
- room
- kitchen
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.