+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
Sale109,000 €893 €/m²
Expected rent1,477 € /mo
~54,000 € BELOW MARKET
good value
against the median for houses in Balchik (328 properties)
Area
122 m²
Land Area
500 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment484 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 305% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 54,000 € below the typical price (the median) for houses in Balchik (328 properties) — 893 €/m² against 1,335 €/m².
House with an area of 122 sq m, located in Balchik, Dobrich region, in the area of the old bus station.
The layout includes 5 rooms with increased ceiling height up to 2.60 m, which improves internal functionality and provides more space.
The construction is brick from 1970, with renovation started including new supporting beams, thermal insulation and preparation for drywall, showing potential for improved energy efficiency and comfort.
The yard is flat without elevation changes, which facilitates its use and maintenance. The area is urbanized but close to natural zones around Balchik.
The property is suitable for people looking for an opportunity to renovate and adapt according to personal needs in a quiet environment.
With 20% down over 20 years the monthly mortgage payment is about 484 €, against an expected local rent of 1,477 €. The rent covers the whole payment (305%).
Pros and cons
AI summaryPros
- flat yard
- increased ceiling height
- thermal insulation
- brick construction
Cons
- needs renovation
Layout
- room
- room
- room
- room
- room
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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