At market level
median 2,677 €/m² for comparable properties
115,000 € 2,674 €/m²
Rent covers ~ 117% of the payment
~ 596 €/mo rent · pays for itself in ~ 16 yrs
Sale155,000 €2,214 €/m²
Expected rent765 € /mo
~24,500 € BELOW MARKET
good value
against the median for 3-room apartments in Ilinden (28 properties)
Area
70 m²
Floor
3 / 3
Construction
Wooden Frame
Year
1950
Yield analysis
Fair investment rating
Monthly payment688 €20% down payment · 20 yrs · 3%
Expected rent765 €at market conditions for the neighbourhood
The rent covers 111% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 6.3% · 10,500 €
- 165,500 €
- 155,000 €▼ 10,500 € (6.3%)
Property analysis
This apartment is priced about 24,500 € below the typical price (the median) for 3-room apartments in Ilinden (28 properties) — 2,214 €/m² against 2,562 €/m².
With 20% down over 20 years the monthly mortgage payment is about 688 €, against an expected local rent of 765 €. The rent covers the whole payment (111%).
The asking price has fallen by 10,500 € (6.3%) since it was first listed.
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 14% below the average for comparable properties.
Is there still room to negotiate?
Because: The price has been cut once, by about 6%.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1950 — about 76 years old.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
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.
Amenities
- Access Control
- Renovated
Exposure
AI summaryEEast
Morning sun, cooler afternoons
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 2,613 €/m² for comparable properties
260,000 € 2,653 €/m²
Rent covers ~ 57% of the payment
~ 661 €/mo rent · you top up ~ 493 €/mo
−10% below market
median 2,562 €/m² for comparable properties
240,000 € 2,307 €/m²
Rent covers ~ 72% of the payment
~ 765 €/mo rent · you top up ~ 300 €/mo
+29% above market
median 2,668 €/m² for comparable properties
103,600 € 3,453 €/m²
Rent covers ~ 139% of the payment
~ 641 €/mo rent · pays for itself in ~ 13 yrs
At market level
median 2,677 €/m² for comparable properties
180,000 € 2,571 €/m²
Rent covers ~ 75% of the payment
~ 596 €/mo rent · you top up ~ 203 €/mo
+25% above market
median 2,668 €/m² for comparable properties
103,599 € 3,453 €/m²
Rent covers ~ 139% of the payment
~ 641 €/mo rent · pays for itself in ~ 13 yrs
+11% above market
median 2,668 €/m² for comparable properties
130,000 € 2,954 €/m²
Rent covers ~ 111% of the payment
~ 641 €/mo rent · pays for itself in ~ 17 yrs
At market level
median 2,562 €/m² for comparable properties
260,000 € 2,736 €/m²
Rent covers ~ 66% of the payment
~ 765 €/mo rent · you top up ~ 389 €/mo