+99% above market
median 1,815 €/m² for comparable properties
880,000 € 3,606 €/m²
Rent covers ~ 48% of the payment
~ 1,871 €/mo rent · you top up ~ 2,033 €/mo
Sale360,000 €1,328 €/m²
Expected rent1,871 € /mo
~132,000 € BELOW MARKET
good value
against the median for houses in Bankya (192 properties)
Area
271 m²
Land Area
870 m²
Construction
Brick
Year
1980
Heating
Gas
Yield analysis
Good investment rating
Monthly payment1,597 €20% down payment · 20 yrs · 3%
Expected rent1,871 €at market conditions for the neighbourhood
The rent covers 117% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 132,000 € below the typical price (the median) for houses in Bankya (192 properties) — 1,328 €/m² against 1,815 €/m².
House in Sofia city, Bankya district, located at 21 Varna St. The property has a total built-up area of 271 sq m and a plot of 870 sq m. The yard is landscaped and offers space for various relaxation and garden zones.
The layout includes a living room with terrace, kitchen, toilet, three bedrooms, bathroom with toilet, and two balconies, as well as a garage of 16.50 sq m. Reconstruction is possible according to the new owner's needs due to the need for renovation.
The building was constructed in 1970, brick construction, currently requiring full renovation. There is a basement and attic spaces available that can be used functionally.
The location is quiet and green, suitable for family living with a good level of privacy in an urban environment.
The property is suitable for those seeking a spacious home with the possibility for customization and creating outdoor relaxation areas.
With 20% down over 20 years the monthly mortgage payment is about 1,597 €, against an expected local rent of 1,871 €. The rent covers the whole payment (117%).
Pros and cons
AI summaryPros
- large landscaped yard
- garage
- brick construction
- spacious layout
Cons
- full renovation
- older building
Layout
- living room
- kitchen
- toilet
- room
- room
- room
- corridor
- bathroom
- toilet
- basement
- corridor
- staircase
- attic spaces
- garage
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 1,815 €/m² for comparable properties
895,000 € 1,815 €/m²
Rent covers ~ 47% of the payment
~ 1,871 €/mo rent · you top up ~ 2,100 €/mo
+10% above market
median 1,815 €/m² for comparable properties
900,000 € 2,000 €/m²
Rent covers ~ 47% of the payment
~ 1,871 €/mo rent · you top up ~ 2,122 €/mo
At market level
median 1,815 €/m² for comparable properties
580,000 € 1,705 €/m²
Rent covers ~ 73% of the payment
~ 1,871 €/mo rent · you top up ~ 702 €/mo
+15% above market
median 1,815 €/m² for comparable properties
520,000 € 2,080 €/m²
Rent covers ~ 81% of the payment
~ 1,871 €/mo rent · you top up ~ 436 €/mo
At market level
median 1,815 €/m² for comparable properties
368,640 € 1,920 €/m²
Rent covers ~ 114% of the payment
~ 1,871 €/mo rent · pays for itself in ~ 16 yrs
−30% below market
median 1,815 €/m² for comparable properties
489,990 € 1,272 €/m²
Rent covers ~ 86% of the payment
~ 1,871 €/mo rent · you top up ~ 303 €/mo
No market valuation
On request
No yield data
Appears once there's enough market data