At market level
median 2,655 €/m² for comparable properties
180,000 € 2,465 €/m²
Rent covers ~ 115% of the payment
~ 917 €/mo rent · pays for itself in ~ 16 yrs
Sale999,000 €3,330 €/m²
Expected rent917 € /mo
~202,500 € ABOVE MARKET
overpriced
against the median for floors of house in Centyr (31 properties)
Area
300 m²
Floor
0 / 3
Construction
Brick
Year
1930
Heating
District Heating
Yield analysis
Low investment rating
Monthly payment4,432 €20% down payment · 20 yrs · 3%
Expected rent917 €at market conditions for the neighbourhood
The rent covers 21% of the payment — you top up about 3,515 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 91 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This floor of House is priced about 202,500 € above the typical price (the median) for floors of house in Centyr (31 properties) — 3,330 €/m² against 2,655 €/m².
The property consists of two floors of a cultural monument building, located in the center of Sofia, on Damyan Gruev St.
The layout includes two separate floors with a total area of 300 sq m and the possibility for internal connection, suitable for various types of activities.
The building was constructed from brick in 1930, and the property has an independent entrance and parking space for two cars.
The location offers good visibility and easy access, in a prestigious urban environment near Ruski Pametnik.
The property is suitable for business purposes, combining convenience and a central location.
With 20% down over 20 years the monthly mortgage payment is about 4,432 €, against an expected local rent of 917 €. The rent covers 21% of it.
Pros and cons
AI summaryPros
- independent entrance
- parking for two cars
- central location
- potential for conversion
Cons
- ground floor level
- old building
Amenities
- With Parking
- Access Control
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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median 2,655 €/m² for comparable properties
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