+16% above market
median 2,644 €/m² for comparable properties
175,000 € 3,070 €/m²
Rent covers ~ 78% of the payment
~ 604 €/mo rent · you top up ~ 172 €/mo
Sale193,900 €2,154 €/m²
Expected rent770 € /mo
~36,000 € BELOW MARKET
good value
against the median for 3-room apartments in Ilinden (27 properties)
Area
90 m²
Floor
7 / 8
Construction
Panel
Year
1980
Heating
District Heating
Yield analysis
Fair investment rating
Monthly payment860 €20% down payment · 20 yrs · 3%
Expected rent770 €at market conditions for the neighbourhood
The rent covers 90% of the payment — you top up about 90 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 21 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▼ 1.9% · 3,800 €
- 197,700 €
- 194,500 €▼ 3,200 € (1.6%)
- 193,900 €▼ 600 € (0.3%)
Property analysis
This apartment is priced about 36,000 € below the typical price (the median) for 3-room apartments in Ilinden (27 properties) — 2,154 €/m² against 2,552 €/m².
With 20% down over 20 years the monthly mortgage payment is about 860 €, against an expected local rent of 770 €. The rent covers 90% of it.
The asking price has fallen by 3,800 € (1.9%) 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 16% 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 2% below the original asking price.
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.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
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.
Amenities
- With Transition
- Elevator
- With Parking
- Internet Connection
- Access Control
- Needs Renovation
Exposure
AI summaryNNorth
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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