−13% below market
median 2,517 €/m² for comparable properties
110,000 € 2,200 €/m²
Rent covers ~ 645% of the payment
~ 3,150 €/mo rent · pays for itself in ~ 3 yrs
Sale120,000 €2,727 €/m²
Expected rent3,150 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Sofia (895 properties)
Area
44 m²
Land Area
311 m²
Floor
0 / 1
Construction
Wooden Frame
Year
1950
Heating
Local Heating
Yield analysis
Strong investment rating
Monthly payment532 €20% down payment · 20 yrs · 3%
Expected rent3,150 €at market conditions for the neighbourhood
The rent covers 592% 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.
Property analysis
This house is priced at the typical price (the median) for houses in Sofia (895 properties) — 2,727 €/m² against 2,517 €/m².
House in the Abdovitsa district, Sofia city with an area of 44 sq m on one floor.
The layout includes a kitchen, entrance hall, two bedrooms and a living room, providing basic functionality for a small family.
The building is a wooden structure from 1950, in need of full renovation and a new roof; it has electricity and water but lacks sewage.
Located in a district with the possibility to expand the property by purchasing an adjacent plot; there is a garage with a pit and parking.
Suitable for people looking for a property to renovate with potential for reconstruction and expansion in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 532 €, against an expected local rent of 3,150 €. The rent covers the whole payment (592%).
Pros and cons
AI summaryPros
- garage with pit
- parking
- possibility to expand
- electricity and water
Cons
- needs full renovation
- lack of sewage
- ground floor
Layout
- kitchen
- entrance hall
- bedroom
- bedroom
- living room
Amenities
- With Parking
Details
- Category
- Residential
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.