At market level
median 1,817 €/m² for comparable properties
92,000 € 1,840 €/m²
Rent covers ~ 161% of the payment
~ 656 €/mo rent · pays for itself in ~ 12 yrs
Sale99,000 €1,042 €/m²
Expected rent656 € /mo
~73,500 € BELOW MARKET
far below market
against the median for apartments in Burgas (2,985 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
95 m²
Floor
7 / 8
Construction
Panel
Year
2007
Yield analysis
Good investment rating
Monthly payment439 €20% down payment · 20 yrs · 3%
Expected rent656 €at market conditions for the neighbourhood
The rent covers 149% 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 73,500 € below the typical price (the median) for apartments in Burgas (2,985 properties) — 1,042 €/m² against 1,817 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Three-room apartment in Meden Rudnik, Burgas, located on the 7th floor of an 8-storey prefab panel building from 2007.
Layout: living room and kitchen with access to separate terraces, two bedrooms with a shared terrace, corridor, bathroom with toilet.
The building is insulated, with replaced window frames, but the apartment needs renovation.
The district offers good infrastructure with schools, kindergartens, shops, and transport connections.
The property is suitable for families looking for a home with a convenient location and potential for refurbishment.
With 20% down over 20 years the monthly mortgage payment is about 439 €, against an expected local rent of 656 €. The rent covers the whole payment (149%).
This property is advertised in 3 offers, all from the same agency. All offers are at the same price. It has been listed for 116 days.
Pros and cons
AI summaryPros
- functional layout
- terraces
- insulated building
- good infrastructure
Cons
- needs renovation
- prefab panel construction
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 43% below the average for comparable properties.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 3 listings at the same price.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 7 and the listing does not mention a lift.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- kitchen
- bedroom
- bedroom
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
−45% below market
median 1,817 €/m² for comparable properties
102,280 € 1,002 €/m²
Rent covers ~ 145% of the payment
~ 656 €/mo rent · pays for itself in ~ 13 yrs
−50% below market
median 1,817 €/m² for comparable properties
90,000 € 909 €/m²
Rent covers ~ 164% of the payment
~ 656 €/mo rent · pays for itself in ~ 11 yrs