Sale

1-bedroom apartment in Varna, Alen Mak

VarnaAlen Mak
Published: 1 July 2014 Updated: 1 July 2014
Sale15,000 €500 €/m²
Expected rent372 € /mo

~39,500 € BELOW MARKET

far below market

against the median for 1-room apartments in Alen Mak (25 properties)

A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Area
30 m²
Floor
0 / 3
Construction
Brick
Year
2008

Yield analysis

Strong investment rating

29.8% / yr
Monthly payment67 €20% down payment · 20 yrs · 3%
Expected rent372 €at market conditions for the neighbourhood

The rent covers 559% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 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 39,500 € below the typical price (the median) for 1-room apartments in Alen Mak (25 properties) — 500 €/m² against 1,819 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

With 20% down over 20 years the monthly mortgage payment is about 67 €, against an expected local rent of 372 €. The rent covers the whole payment (559%).

Source: Market statistics for 1-room apartments in Alen Mak

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 73% below the average for comparable properties.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Amenities

  • Leasing
  • Barter

Details

Category
Residential
Rooms
1

Location

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