+84% above market
median 1,333 €/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
Sale275,000 €2,291 €/m²
Expected rent1,477 € /mo
~115,000 € ABOVE MARKET
overpriced
against the median for houses in Balchik (329 properties)
Area
120 m²
Land Area
400 m²
Construction
Brick
Year
2005
Yield analysis
Good investment rating
Monthly payment1,220 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 121% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▼ 29.5% · 115,000 €
- 390,000 €
- 350,000 €▼ 40,000 € (10.3%)
- 348,900 €▼ 1,100 € (0.3%)
- 320,000 €▼ 28,900 € (8.3%)
- 275,000 €▼ 45,000 € (14.1%)
Property analysis
This house is priced about 115,000 € above the typical price (the median) for houses in Balchik (329 properties) — 2,291 €/m² against 1,333 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,220 €, against an expected local rent of 1,477 €. The rent covers the whole payment (121%).
The asking price has fallen by 115,000 € (29.5%) since it was first listed.
Amenities
- Active Business
Details
- Category
- Residential
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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