+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
Sale115,000 €3,194 €/m²
Expected rent1,477 € /mo
~67,000 € ABOVE MARKET
overpriced
against the median for houses in Balchik (329 properties)
Area
36 m²
Land Area
433 m²
Construction
Modular Construction
Year
2023
Yield analysis
Strong investment rating
Monthly payment510 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 289% 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.
Price history
2 changes since listing▼ 4.2% · 5,000 €
- 120,000 €
- 120,000 €▲ 0 € (0%)
- 115,000 €▼ 5,000 € (4.2%)
Property analysis
This house is priced about 67,000 € above the typical price (the median) for houses in Balchik (329 properties) — 3,194 €/m² against 1,333 €/m².
With 20% down over 20 years the monthly mortgage payment is about 510 €, against an expected local rent of 1,477 €. The rent covers the whole payment (289%).
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 146 days. The asking price has fallen by 5,000 € (4.2%) since it was first listed.
Amenities
- Tax Credit Option
Details
- Category
- Residential
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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