+22% above market
median 2,000 €/m² for comparable properties
190,000 € 2,435 €/m²
Rent covers ~ 48% of the payment
~ 402 €/mo rent · you top up ~ 441 €/mo
Sale147,000 €1,633 €/m²
Expected rent402 € /mo
~33,000 € BELOW MARKET
good value
against the median for 3-room apartments in Herson (22 properties)
Area
90 m²
Floor
3 / 5
Construction
Brick
Year
1980
Yield analysis
Low investment rating
Monthly payment652 €20% down payment · 20 yrs · 3%
Expected rent402 €at market conditions for the neighbourhood
The rent covers 62% of the payment — you top up about 250 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 30 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 33,000 € below the typical price (the median) for 3-room apartments in Herson (22 properties) — 1,633 €/m² against 2,000 €/m².
Three-room apartment with an area of 90 sq m, located in the Kherson district of Shumen. The property is on the third floor of a five-storey brick building without an elevator.
The layout includes a living room, two bedrooms, kitchen, two terraces, a laundry room with access to a toilet and a separate bathroom, providing functional use of the space.
The building was constructed in 1980, and the property is in need of renovation. The apartment also includes a basement of 10 sq m, and the entrance has controlled access.
The location offers free parking in the front yard area and is part of an established residential district with good infrastructure.
The property is suitable for those looking for a spacious apartment with the possibility to renovate and adapt according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 652 €, against an expected local rent of 402 €. The rent covers 62% of it.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- 10 sq m basement
- south and north aspect
Cons
- no elevator
- 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 18% below the average for comparable properties.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Exposure
AI summarySSouth
Maximum sunlight throughout the day
NNorth
Even light, cooler during summer
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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