−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
Sale215,000 €3,583 €/m²
Expected rent3,139 € /mo
~74,000 € ABOVE MARKET
overpriced
against the median for houses in Knyajevo (29 properties)
Area
60 m²
Land Area
710 m²
Construction
Brick
Year
1970
Heating
Local Heating
Yield analysis
Strong investment rating
Monthly payment954 €20% down payment · 20 yrs · 3%
Expected rent3,139 €at market conditions for the neighbourhood
The rent covers 329% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
2 changes since listing▼ 6.5% · 15,000 €
- 230,000 €
- 225,000 €▼ 5,000 € (2.2%)
- 215,000 €▼ 10,000 € (4.4%)
Property analysis
This house is priced about 74,000 € above the typical price (the median) for houses in Knyajevo (29 properties) — 3,583 €/m² against 2,353 €/m².
House in the Knyazhevo district, Sofia, on Tsar Boris III Blvd, located in the Mala Koriya area.
The layout includes a living room, room, summer kitchen, bathroom with toilet, storage room and attic room on the second floor.
The building is brick from 1970, heating is by wood and electricity, hot water is provided by a boiler; the property requires renovation.
The yard has an area of 710 sq m, has a slope and potential for terracing; the property is accessed by an asphalt road.
Suitable for people looking for a property with a large yard close to nature and willing to invest in renovation.
With 20% down over 20 years the monthly mortgage payment is about 954 €, against an expected local rent of 3,139 €. The rent covers the whole payment (329%).
The asking price has fallen by 15,000 € (6.5%) since it was first listed.
Pros and cons
AI summaryPros
- large yard
- asphalt road
- brick construction
Cons
- needs renovation
- wood heating
Layout
- living room
- room
- summer kitchen
- bathroom
- toilet
- storage room
- attic room
Details
- Category
- Residential
- Bathrooms
- 1
Location
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