+23% above market
median 2,437 €/m² for comparable properties
239,000 € 2,987 €/m²
Rent covers ~ 187% of the payment
~ 1,979 €/mo rent · pays for itself in ~ 10 yrs
Sale1,300,000 €1,300 €/m²
Expected rent1,979 € /mo
~1,137,000 € BELOW MARKET
far below market
against the median for houses in Pancharevo (94 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
1,000 m²
Land Area
3,200 m²
Construction
Brick
Year
2000
Yield analysis
Low investment rating
Monthly payment5,768 €20% down payment · 20 yrs · 3%
Expected rent1,979 €at market conditions for the neighbourhood
The rent covers 34% of the payment — you top up about 3,789 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 55 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 1,137,000 € below the typical price (the median) for houses in Pancharevo (94 properties) — 1,300 €/m² against 2,437 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
The property is a house with a large built-up area of about 1000 sq m and includes a yard of 3.2 decares in Pancharevo village, part of Sofia city.
The layout is not described in detail, but the building is suitable for various business purposes, which suggests flexibility in the use of the interior space.
The construction is brick with a reinforced concrete structure, the roof was partially renovated in 2025, there is three-phase electricity and a private water supply with water from Vitosha.
The property is located on the main road to Bistritsa through Pancharevo, providing good communication and visibility.
It is suitable for both business and residential use given the large area and amenities.
With 20% down over 20 years the monthly mortgage payment is about 5,768 €, against an expected local rent of 1,979 €. The rent covers 34% of it.
Pros and cons
AI summaryPros
- large yard
- three-phase electricity
- partially renovated roof
- private water supply
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
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 2,437 €/m² for comparable properties
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Rent covers ~ 65% of the payment
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At market level
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At market level
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−21% below market
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At market level
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