+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
Sale330,000 €687 €/m²
Expected rent1,477 € /mo
~311,000 € BELOW MARKET
far below market
against the median for houses in Balchik (328 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
480 m²
Land Area
290 m²
Construction
Brick
Year
2003
Yield analysis
Fair investment rating
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 101% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▲ 6.5% · 20,000 €
- 310,000 €
- 330,000 €▲ 20,000 € (6.5%)
Property analysis
This house is priced about 311,000 € below the typical price (the median) for houses in Balchik (328 properties) — 687 €/m² against 1,335 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
House with a total built-up area of 480 sq m, located in Balchik, Dobrich region, near the Botanical Garden and the Palace. The property is on a main asphalt road with year-round access.
The layout includes four floors, each with a separate entrance and individual apartment, providing the possibility for use by several families or for business purposes. The yard of 290 sq m features an outdoor pool and parking.
The construction is brick from 2003, with electric heating and video surveillance. Internet and other amenities are provided for comfortable use.
The location is quiet, close to green areas and the sea, contributing to a peaceful environment and opportunities for relaxation.
The property is suitable for family living with options to divide the space or for business activities requiring separate premises and easy access.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 1,477 €. The rent covers the whole payment (101%).
The asking price has risen by 20,000 € (6.5%) since it was first listed.
Pros and cons
AI summaryPros
- four separate apartments
- sea view
- outdoor pool
- parking
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- kitchen
- dining room
- living room
- laundry room
- bedroom
- bathroom
- toilet
Amenities
- With Parking
- Internet Connection
- Video Surveillance
Exposure
AI summarySSouth
Maximum sunlight throughout the day
NNorth
Even light, cooler during summer
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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