+229% above market
median 2,029 €/m² for comparable properties
300,000 € 6,666 €/m²
Rent covers ~ 132% of the payment
~ 1,756 €/mo rent · pays for itself in ~ 14 yrs
Sale1,380,000 €7,840 €/m²
Expected rent1,756 € /mo
~1,023,000 € ABOVE MARKET
overpriced
against the median for houses in Gorna Banya (43 properties)
Area
176 m²
Land Area
944 m²
Construction
Brick
Year
1980
Yield analysis
Low investment rating
Monthly payment6,123 €20% down payment · 20 yrs · 3%
Expected rent1,756 €at market conditions for the neighbourhood
The rent covers 29% of the payment — you top up about 4,367 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 65 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▼ 8% · 120,000 €
- 1,500,000 €
- 1,380,000 €▼ 120,000 € (8%)
Property analysis
This house is priced about 1,023,000 € above the typical price (the median) for houses in Gorna Banya (43 properties) — 7,840 €/m² against 2,029 €/m².
House with an area of 176 sq m, located in the center of Gorna Banya, Sofia.
The layout includes on the first floor an entrance hall, living room, separate kitchen, bedroom and bathroom with toilet, and on the second floor - three bedrooms, a south-facing terrace with a view of Vitosha and a second bathroom with toilet.
The building is brick with a reinforced concrete structure from 1980, heating is electric.
The location is central within the area, opposite the municipality and St. Nicholas the Wonderworker church.
The property is suitable for residential use or various public functions, such as a school or office, due to its functional layout and location.
With 20% down over 20 years the monthly mortgage payment is about 6,123 €, against an expected local rent of 1,756 €. The rent covers 29% of it.
The asking price has fallen by 120,000 € (8%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- south aspect
- terrace with Vitosha view
- central location
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- entrance hall
- living room
- kitchen
- bedroom
- bedroom
- bedroom
Exposure
AI summarySSouth
Maximum sunlight throughout the day
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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