+281% above market
median 2,059 €/m² for comparable properties
1,380,000 € 7,840 €/m²
Rent covers ~ 29% of the payment
~ 1,756 €/mo rent · you top up ~ 4,367 €/mo
Sale215,000 €702 €/m²
Expected rent1,756 € /mo
~415,000 € BELOW MARKET
far below market
against the median for houses in Gorna Banya (42 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
306 m²
Land Area
53 m²
Construction
Modular Construction
Year
2000
Yield analysis
Strong investment rating
Monthly payment954 €20% down payment · 20 yrs · 3%
Expected rent1,756 €at market conditions for the neighbourhood
The rent covers 184% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 10 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 415,000 € below the typical price (the median) for houses in Gorna Banya (42 properties) — 702 €/m² against 2,059 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
House with an area of 53 sq m and a plot of 306 sq m is located in the district of Gorna Banya, Sofia.
The layout is single-storey, and the property offers the possibility for renovation or new construction on a flat plot with frontage on two streets.
The construction is modular from 2000, with available electricity, water, and sewage, and access is provided via an asphalt road.
The district is known for clean air, mineral springs, and a peaceful residential environment, while also having convenient access to the center of Sofia.
The property is suitable for living or investment with potential for expansion and improvements.
With 20% down over 20 years the monthly mortgage payment is about 954 €, against an expected local rent of 1,756 €. The rent covers the whole payment (184%).
Pros and cons
AI summaryPros
- frontage on two streets
- flat plot
- asphalt access
- available utilities
Cons
- in need of renovation
Layout
- single-storey
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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