−21% below market
median 2,353 €/m² for comparable properties
375,000 € 1,865 €/m²
Rent covers ~ 189% of the payment
~ 3,139 €/mo rent · pays for itself in ~ 10 yrs
Sale375,000 €1,865 €/m²
Expected rent3,139 € /mo
~98,000 € BELOW MARKET
good value
against the median for houses in Knyajevo (29 properties)
Area
201 m²
Land Area
1,218 m²
Floor
3 / 3
Construction
Brick
Year
2017
Yield analysis
Strong investment rating
Monthly payment1,664 €20% down payment · 20 yrs · 3%
Expected rent3,139 €at market conditions for the neighbourhood
The rent covers 189% 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 98,000 € below the typical price (the median) for houses in Knyajevo (29 properties) — 1,865 €/m² against 2,353 €/m².
House with an area of 201 sq m, located in the district of Knyazhevo, Sofia. The property is on three levels and includes a garage and a large yard of 1218 sq m, bordering two streets.
The layout is functional, with three bedrooms, three bathrooms, and four terraces providing good natural light and outdoor relaxation opportunities. The levels are divided into a ground floor with garage and storage rooms, first floor with living area and kitchen, second floor with bedrooms and large terraces, as well as an attic.
The building is brick from 2017 but requires full renovation. The plumbing shafts have been replaced, there is three-phase electricity and a non-drain septic tank. The property has complete construction and legal documentation.
The location is quiet and well-connected, suitable for people seeking tranquility close to nature in an urban environment. The plot allows potential development of the property through construction of additional buildings.
Suitable for a family or investors who can invest in renovation or reconstruction to achieve a comfortable home or new residential units.
With 20% down over 20 years the monthly mortgage payment is about 1,664 €, against an expected local rent of 3,139 €. The rent covers the whole payment (189%).
Pros and cons
AI summaryPros
- functional layout
- large yard
- four terraces
- three-phase electricity
Cons
- full renovation
- top floor
- non-drain septic tank
Layout
- vestibule
- garage
- bathroom
- storage room
- stairs
- corridor
- living room
- hallway
- dining room
- kitchen
- bedroom
- bathroom
- second toilet
- hallway
- two separate rooms
- walk-in closet
- bathroom
- attic
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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