5-room house in Balchik, Kulaka area, with 800 sq m yard

This house is priced 55% below the typical price (the median) for comparable properties — 600 €/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 in Balchik, Kulaka area, located on a plot of 800 sq m. The property has a total area of 53 sq m and includes a two-storey residential building.

The layout includes two rooms on the ground floor, one of which is used as a kitchen, and a bathroom with toilet; on the second floor there are three rooms with a kitchenette, bathroom with toilet, and terrace.

The building is brick, built in 2004, but requires renovation and updating of the interior spaces. Basic utilities are available – water, electricity, and septic tank, with sewerage at the street.

The property is located in an urbanised area with low-rise buildings, access is via a new asphalt road, and the area offers tranquility and proximity to nature and the sea.

Suitable for people looking for a property with potential for reconstruction near natural areas and urban infrastructure.

With 20% down over 20 years the monthly mortgage payment is about 266 €, against an expected local rent of 1,477 €. The rent covers the whole payment (555%).

The asking price has fallen by 3,500 € (5.5%) since it was first listed.

Source: Market statistics for houses in Balchik