+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
Sale105,000 €636 €/m²
Expected rent1,477 € /mo
~115,000 € BELOW MARKET
far below market
against the median for houses in Balchik (329 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
165 m²
Land Area
390 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment466 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 317% 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 115,000 € below the typical price (the median) for houses in Balchik (329 properties) — 636 €/m² against 1,333 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Semi-detached house with three floors, located in Dobrich region, Balchik, Izgrev residential area. The property offers a sea view and is accessible year-round via an asphalt road.
The layout includes a ground floor with a garage and parking space, first floor with living room, kitchen, bathroom and terrace, second floor with three bedrooms, two terraces and bathroom, as well as third floor with three bedrooms with sloping ceilings, two terraces and bathroom. Internal and external staircases provide connection between the levels.
The construction is brick, with a recently renovated roof. Part of the rooms on the third floor are finished to BDS standards. The yard is small and does not require constant maintenance.
The location is close to the town of Balchik and the Albena resort complex, providing tranquility and proximity to nature.
The property is suitable for year-round living or investment considering the layout and location.
With 20% down over 20 years the monthly mortgage payment is about 466 €, against an expected local rent of 1,477 €. The rent covers the whole payment (317%).
Pros and cons
AI summaryPros
- sea view
- garage and parking space
- three-storey structure
- asphalt access
Cons
- slight slopes on 3rd floor
- partially finished third floor
Layout
- garage 36 sq m
- living room
- bathroom
- bedroom
- bedroom
- bedroom
- bathroom
- bedroom
- bedroom
- bathroom
Amenities
- With Parking
Details
- Category
- Residential
- Bathrooms
- 3
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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