+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
Sale155,000 €1,845 €/m²
Expected rent1,477 € /mo
~43,000 € ABOVE MARKET
overpriced
against the median for houses in Balchik (329 properties)
Area
84 m²
Land Area
380 m²
Construction
Brick
Year
2009
Yield analysis
Strong investment rating
Monthly payment688 €20% down payment · 20 yrs · 3%
Expected rent1,477 €at market conditions for the neighbourhood
The rent covers 215% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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▲ 3.3% · 5,000 €
- 150,000 €
- 155,000 €▲ 5,000 € (3.3%)
Property analysis
This house is priced about 43,000 € above the typical price (the median) for houses in Balchik (329 properties) — 1,845 €/m² against 1,333 €/m².
With 20% down over 20 years the monthly mortgage payment is about 688 €, against an expected local rent of 1,477 €. The rent covers the whole payment (215%).
The asking price has risen by 5,000 € (3.3%) since it was first listed.
Details
- Category
- Residential
- Bathrooms
- 4
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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