At market level
median 1,068 €/m² for comparable properties
73,000 € 1,123 €/m²
Rent covers ~ 105% of the payment
~ 341 €/mo rent · pays for itself in ~ 18 yrs
Sale39,999 €701 €/m²
Expected rent341 € /mo
~21,000 € BELOW MARKET
good value
against the median for apartments in Gabrovo (259 properties)
Area
57 m²
Floor
2 / 3
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment177 €20% down payment · 20 yrs · 3%
Expected rent341 €at market conditions for the neighbourhood
The rent covers 192% 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.
Price history
2 changes since listing▼ 9.1% · 4,001 €
- 44,000 €
- 42,000 €▼ 2,000 € (4.5%)
- 39,999 €▼ 2,001 € (4.8%)
Property analysis
This apartment is priced about 21,000 € below the typical price (the median) for apartments in Gabrovo (259 properties) — 701 €/m² against 1,068 €/m².
Two-room apartment with an area of 57.61 sq m, located in the district of Borovo, city of Gabrovo. The property includes a living room, bedroom, kitchen with glazed terrace, and bathroom with toilet. The property has an adjacent attic space of 15 sq m. The apartment is on the second floor of a three-storey brick building. The property is in a condition that requires renovation and interior updating. The district offers amenities such as a shop and a bus stop nearby, and the city center is about a 10-minute walk away. Suitable for those looking for an opportunity to personalise the home according to their needs.
With 20% down over 20 years the monthly mortgage payment is about 177 €, against an expected local rent of 341 €. The rent covers the whole payment (192%).
The asking price has fallen by 4,001 € (9.1%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- glazed terrace
- close to transport
- brick construction
Cons
- 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 34% below the average for comparable properties.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 2 times — about 9% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 219 days.
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.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- kitchen
- terrace
Amenities
- Needs Renovation
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 1,068 €/m² for comparable properties
95,000 € 1,010 €/m²
Rent covers ~ 81% of the payment
~ 341 €/mo rent · you top up ~ 80 €/mo
No market valuation
On request
No yield data
Appears once there's enough market data