+42% above market
median 2,647 €/m² for comparable properties
600,000 € 3,750 €/m²
Rent covers ~ 26% of the payment
~ 680 €/mo rent · you top up ~ 1,982 €/mo
Sale450,000 €4,205 €/m²
Expected rent680 € /mo
~156,000 € ABOVE MARKET
overpriced
against the median for 4-room apartments in Centyr (55 properties)
Area
107 m²
Floor
2 / 6
Construction
Brick
Year
1994
Yield analysis
Low investment rating
Monthly payment1,997 €20% down payment · 20 yrs · 3%
Expected rent680 €at market conditions for the neighbourhood
The rent covers 34% of the payment — you top up about 1,317 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 55 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 156,000 € above the typical price (the median) for 4-room apartments in Centyr (55 properties) — 4,205 €/m² against 2,746 €/m².
4-room apartment in Burgas, located in the central part of the city, near Bulgaria Hotel.
The property has a functional layout with two bedrooms, a living room with dining area, kitchen, two terraces, and a storage room that can be used as a walk-in closet.
The apartment was built of brick in 1994, is situated on the second floor of six, and is in a condition that allows for use as is or renovation.
The location offers convenient access to the pedestrian zone, shops, and administrative services, and the property includes yard space with parking for up to three cars.
This apartment is suitable as a family home or an investment with potential for redevelopment and development in the city center.
With 20% down over 20 years the monthly mortgage payment is about 1,997 €, against an expected local rent of 680 €. The rent covers 34% of it.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- parking for up to 3 cars
- central location
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- entrance hall
- bedroom
- bedroom
- kitchen
- living room
- dining area
- utility room
- storage
- terrace
- terrace
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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