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
Sale35,000 €406 €/m²
Expected rent668 € /mo
~54,000 € BELOW MARKET
far below market
against the median for houses in Novata Mahala (10 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
86 m²
Land Area
375 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment155 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood
The rent covers 430% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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 54,000 € below the typical price (the median) for houses in Novata Mahala (10 properties) — 406 €/m² against 1,032 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 155 €, against an expected local rent of 668 €. The rent covers the whole payment (430%).
Amenities
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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median 1,032 €/m² for comparable properties
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At market level
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