+70% above market
median 1,488 €/m² for comparable properties
349,990 € 2,536 €/m²
Rent covers ~ 115% of the payment
~ 1,778 €/mo rent · pays for itself in ~ 16 yrs
Sale35,000 €583 €/m²
Expected rent1,778 € /mo
~54,500 € BELOW MARKET
far below market
against the median for houses in Banevo (36 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
60 m²
Land Area
600 m²
Construction
Brick
Year
1980
Yield analysis
Strong investment rating
Monthly payment155 €20% down payment · 20 yrs · 3%
Expected rent1,778 €at market conditions for the neighbourhood
The rent covers 1145% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 2 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 54,500 € below the typical price (the median) for houses in Banevo (36 properties) — 583 €/m² against 1,488 €/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 an area of 60 sq m, located in the Banevo district, Burgas. The property is two-storey and offers a total of four rooms, distributed as two per floor.
With 20% down over 20 years the monthly mortgage payment is about 155 €, against an expected local rent of 1,778 €. The rent covers the whole payment (1145%).
Pros and cons
AI summaryPros
- functional layout
- east/west aspect
- close to nature
- brick construction
Cons
- needs renovation
- outdoor bathroom
- old window frames
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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