+37% above market
median 1,170 €/m² for comparable properties
112,000 € 1,600 €/m²
Rent covers ~ 355% of the payment
~ 1,763 €/mo rent · pays for itself in ~ 5 yrs
Sale55,000 €873 €/m²
Expected rent1,763 € /mo
~18,500 € BELOW MARKET
good value
against the median for houses in Rudnik (13 properties)
Area
63 m²
Land Area
900 m²
Construction
Brick
Year
2001
Yield analysis
Strong investment rating
Monthly payment244 €20% down payment · 20 yrs · 3%
Expected rent1,763 €at market conditions for the neighbourhood
The rent covers 722% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
7 changes since listing▼ 31.3% · 25,000 €
- 80,000 €
- 79,000 €▼ 1,000 € (1.3%)
- 70,000 €▼ 9,000 € (11.4%)
- 69,000 €▼ 1,000 € (1.4%)
- 59,000 €▼ 10,000 € (14.5%)
- 65,000 €▲ 6,000 € (10.2%)
- 57,000 €▼ 8,000 € (12.3%)
- 55,000 €▼ 2,000 € (3.5%)
Property analysis
This house is priced about 18,500 € below the typical price (the median) for houses in Rudnik (13 properties) — 873 €/m² against 1,170 €/m².
House with an area of 63 sq m, located in the district of Rudnik in the city of Burgas.
The layout includes 3 rooms, a bathroom and a toilet, providing basic functionality for a family.
The building is solid, built of brick in 2001, but it has not been maintained and requires renovation.
The property is located on the edge of the settlement with a view of Burgas Bay, offering tranquility and proximity to nature.
It is suitable for people looking for a property with potential for renovation and who prefer a quieter environment outside the city center.
With 20% down over 20 years the monthly mortgage payment is about 244 €, against an expected local rent of 1,763 €. The rent covers the whole payment (722%).
The asking price has fallen by 25,000 € (31.3%) since it was first listed.
Pros and cons
AI summaryPros
- solid construction
- bay view
- 3 separate rooms
Cons
- needs renovation
- unmaintained property
Layout
- room
- room
- room
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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