+43% above market
median 1,227 €/m² for comparable properties
49,000 € 1,750 €/m²
Rent covers ~ 184% of the payment
~ 400 €/mo rent · pays for itself in ~ 10 yrs
Sale150,000 €1,388 €/m²
Expected rent400 € /mo
~21,500 € ABOVE MARKET
above market
against the median for 4-room apartments in Kurshun Cheshma (18 properties)
Area
108 m²
Floor
2 / 4
Construction
Brick
Year
1980
Yield analysis
Low investment rating
Monthly payment666 €20% down payment · 20 yrs · 3%
Expected rent400 €at market conditions for the neighbourhood
The rent covers 60% of the payment — you top up about 266 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 31 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 21,500 € above the typical price (the median) for 4-room apartments in Kurshun Cheshma (18 properties) — 1,388 €/m² against 1,192 €/m².
4-room apartment in Shumen, Kurshun cheshma district.
Layout: large corridor, living room with terrace, three bedrooms with access to terrace, kitchen with access to terrace, bathroom and toilet in separate rooms.
Building: brick construction from 1980, second floor of four, with controlled access and maintained entrance.
Location: quiet and peaceful area, suitable for family living, with convenient access to city infrastructure.
The property is suitable for people looking for a spacious apartment with the possibility of renovation and adaptation according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 666 €, against an expected local rent of 400 €. The rent covers 60% of it.
Source: Market statistics for 4-room apartments in Kurshun Cheshma
Pros and cons
AI summaryPros
- functional layout
- south / east aspect
- controlled access
- natural oak parquet
Cons
- in need of full renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
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.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
Is there enough daylight during the day?
Because: The advertised exposure has no southern side.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living room
- bedroom
- bedroom
- bedroom
- kitchen
- bathroom
- toilet
Amenities
- Access Control
- Needs Renovation
Exposure
AI summaryNNorth
Even light, cooler during summer
EEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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+43% above market
median 1,227 €/m² for comparable properties
49,000 € 1,750 €/m²
Rent covers ~ 184% of the payment
~ 400 €/mo rent · pays for itself in ~ 10 yrs