8-room house in the center of Balchik with parking

This house is priced about 70,500 € below the typical price (the median) for houses in Balchik (329 properties) — 931 €/m² against 1,333 €/m².

House on two floors with a basement and high ceiling, located in the center of Balchik, Dobrich region.
The layout includes 8 rooms, providing enough space for various needs and the possibility to convert the attic into an additional floor.
The building is constructed of brick with concrete slabs between floors and to the attic, ensuring a solid structure and stability. It requires minor renovation for habitation.
The location is convenient, with parking for about 8 cars and a spacious area in front of the house, without risk of view obstruction, also offering a partial sea view from the second floor.
The property is suitable as a family home with good functionality and development potential.

With 20% down over 20 years the monthly mortgage payment is about 728 €, against an expected local rent of 1,477 €. The rent covers the whole payment (203%).

This property is advertised in 2 offers, all from the same agency. The gap between the cheapest and the dearest is 16,000 €. It has been listed for 262 days. The asking price has fallen by 16,000 € (8.9%) since it was first listed.

Source: Market statistics for houses in Balchik