No market valuation
377,000 € 1,848 €/m²
No yield data
Appears once there's enough market data
Sale420,000 €1,000 €/m²
Expected rent1,883 € /mo
~355,500 € BELOW MARKET
far below market
against the median for houses in Sarafovo (117 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
420 m²
Land Area
40 m²
Construction
Brick
Year
1997
Yield analysis
Fair investment rating
Monthly payment1,863 €20% down payment · 20 yrs · 3%
Expected rent1,883 €at market conditions for the neighbourhood
The rent covers 101% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 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 355,500 € below the typical price (the median) for houses in Sarafovo (117 properties) — 1,000 €/m² against 1,847 €/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 in Burgas city, Sarafovo district, located within walking distance to the beach. The property has a built-up area of 420 sq m and a yard of 40 sq m.
The layout includes 4 floors with a total of 10 rooms, with the ground floor containing a restaurant with a professional kitchen and two separate rooms, while the upper floors are arranged as double rooms with private bathrooms and panoramic terraces on the top floor.
The building was constructed in 1997 with brick construction and has household electricity, with its status changed from hotel to residential building with Act 15.
The location offers amenities for seasonal rental and investment opportunity, as the area is close to the sea coast and main communications.
The property is suitable for investors or for use as a holiday home with potential for income during the summer season.
With 20% down over 20 years the monthly mortgage payment is about 1,863 €, against an expected local rent of 1,883 €. The rent covers the whole payment (101%).
Pros and cons
AI summaryPros
- functional layout
- close to beach
- panoramic terraces
- brick construction
Cons
- needs adaptation
- no heating information
Layout
- room
- room
- room
- room
- room
- room
- room
- room
- room
- room
Details
- Category
- Residential
- Bathrooms
- 6
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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