At market level
median 1,032 €/m² for comparable properties
135,000 € 1,038 €/m²
Rent covers ~ 112% of the payment
~ 668 €/mo rent · pays for itself in ~ 17 yrs
Sale130,000 €1,625 €/m²
Expected rent668 € /mo
~47,500 € ABOVE MARKET
overpriced
against the median for houses in Novata Mahala (10 properties)
Area
80 m²
Land Area
2,000 m²
Construction
Brick
Yield analysis
Good investment rating
Monthly payment577 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood
The rent covers 116% 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.
Price history
1 change since listing▲ 133.8% · 174,000 €
- 130,000 €
- 304,000 €▲ 174,000 € (133.8%)
Property analysis
This house is priced about 47,500 € above the typical price (the median) for houses in Novata Mahala (10 properties) — 1,625 €/m² against 1,032 €/m².
With 20% down over 20 years the monthly mortgage payment is about 577 €, against an expected local rent of 668 €. The rent covers the whole payment (116%).
The asking price has risen by 174,000 € (133.8%) since it was first listed.
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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