At market level
median 2,174 €/m² for comparable properties
185,000 € 2,126 €/m²
Rent covers ~ 382% of the payment
~ 3,139 €/mo rent · pays for itself in ~ 5 yrs
Sale350,000 €4,268 €/m²
Expected rent3,139 € /mo
~171,500 € ABOVE MARKET
overpriced
against the median for houses in Benkovski (8 properties)
Area
82 m²
Land Area
730 m²
Construction
Brick
Year
1960
Yield analysis
Strong investment rating
Monthly payment1,553 €20% down payment · 20 yrs · 3%
Expected rent3,139 €at market conditions for the neighbourhood
The rent covers 202% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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 171,500 € above the typical price (the median) for houses in Benkovski (8 properties) — 4,268 €/m² against 2,174 €/m².
The house is located in Benkovski district, Sofia, on a main street with access to public transport.
The layout includes two levels: ground floor with entrance hall, kitchen, living room, bedroom, and bathroom with toilet; second floor with an additional bedroom and attic spaces.
The building is brick from 1960, and the condition requires renovation; the yard covers 730 sq m, and there is an additional building of 24 sq m.
The location offers conveniences for urban living and easy access to transport connections in the district.
The property is suitable for a family seeking a spacious yard and the opportunity to renovate according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 1,553 €, against an expected local rent of 3,139 €. The rent covers the whole payment (202%).
Pros and cons
AI summaryPros
- functional layout
- large yard
- close to public transport
Cons
- needs renovation
- older construction
Layout
- entrance hall
- kitchen
- living room
- bedroom
- bedroom space
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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