−36% below market
median 978 €/m² for comparable properties
25,000 € 625 €/m²
Rent covers ~ 1589% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 1 yrs
Sale130,000 €1,040 €/m²
Expected rent1,763 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Cherno more (10 properties)
Area
125 m²
Land Area
420 m²
Floor
1 / 1
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment577 €20% down payment · 20 yrs · 3%
Expected rent1,763 €at market conditions for the neighbourhood
The rent covers 306% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 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 at the typical price (the median) for houses in Cherno more (10 properties) — 1,040 €/m² against 978 €/m².
The house is located in the city of Burgas, Mina district, close to the centre and the Black Sea.
The layout includes 5 separate rooms, a kitchen, corridor, entrance hall, bathroom with toilet and two terraces.
The building was constructed in 1970 with brick construction and has a semi-basement under the main floor.
The location is in an urbanised area with convenient access to the city centre and the sea zone.
The property requires renovation, allowing adaptation of the layout according to the needs of future occupants.
With 20% down over 20 years the monthly mortgage payment is about 577 €, against an expected local rent of 1,763 €. The rent covers the whole payment (306%).
Pros and cons
AI summaryPros
- functional layout
- two terraces
- yard 420 sq m
Cons
- needs renovation
- ground floor
Layout
- room
- room
- room
- room
- room
- kitchen
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 978 €/m² for comparable properties
164,900 € 916 €/m²
Rent covers ~ 241% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 8 yrs
−10% below market
median 978 €/m² for comparable properties
124,000 € 885 €/m²
Rent covers ~ 320% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 6 yrs
+62% above market
median 978 €/m² for comparable properties
250,000 € 1,582 €/m²
Rent covers ~ 159% of the payment
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−34% below market
median 978 €/m² for comparable properties
65,000 € 650 €/m²
Rent covers ~ 611% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 3 yrs
+60% above market
median 978 €/m² for comparable properties
250,000 € 1,562 €/m²
Rent covers ~ 159% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 12 yrs
−28% below market
median 978 €/m² for comparable properties
59,900 € 704 €/m²
Rent covers ~ 663% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 3 yrs
+11% above market
median 978 €/m² for comparable properties
65,000 € 1,083 €/m²
Rent covers ~ 611% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 3 yrs