+84% above market
median 1,335 €/m² for comparable properties
569,000 € 2,452 €/m²
Rent covers ~ 59% of the payment
~ 1,477 €/mo rent · you top up ~ 1,048 €/mo
Sale64,990 €649 €/m²
Expected rent1,477 € /mo
~68,500 € BELOW MARKET
far below market
against the median for houses in Balchik (328 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
100 m²
Land Area
180 m²
Construction
Brick
Year
1960
Yield analysis
Strong investment rating
Monthly payment288 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 512% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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▼ 23.5% · 20,000 €
- 84,990 €
- 74,990 €▼ 10,000 € (11.8%)
- 64,990 €▼ 10,000 € (13.3%)
Property analysis
This house is priced about 68,500 € below the typical price (the median) for houses in Balchik (328 properties) — 649 €/m² against 1,335 €/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 288 €, against an expected local rent of 1,477 €. The rent covers the whole payment (512%).
The asking price has fallen by 20,000 € (23.5%) since it was first listed.
Amenities
- Needs Renovation
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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