+34% above market
median 1,852 €/m² for comparable properties
247,500 € 2,475 €/m²
Rent covers ~ 286% of the payment
~ 3,139 €/mo rent · pays for itself in ~ 7 yrs
Sale152,000 €1,345 €/m²
Expected rent3,139 € /mo
~57,500 € BELOW MARKET
good value
against the median for houses in Orlandovci (27 properties)
Area
113 m²
Land Area
420 m²
Construction
Wooden Frame
Year
1960
Yield analysis
Strong investment rating
Monthly payment674 €20% down payment · 20 yrs · 3%
Expected rent3,139 €at market conditions for the neighbourhood
The rent covers 465% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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▼ 1.9% · 3,000 €
- 155,000 €
- 152,000 €▼ 3,000 € (1.9%)
Property analysis
This house is priced about 57,500 € below the typical price (the median) for houses in Orlandovci (27 properties) — 1,345 €/m² against 1,852 €/m².
The property is a house with three existing buildings in the Orlandovtsi district, Sofia. The total built-up area is 113 sq m, situated on a plot of 420 sq m.
The layout consists of several separate buildings, which are in poor structural condition and require major renovation or demolition for new construction.
The buildings are constructed with a timber frame structure from 1960, which necessitates additional inspection of their condition and renovation possibilities. There is no information about the availability of utilities and installations.
The location is in an area with established infrastructure and convenient access to main roads, providing everyday conveniences and potential for new construction.
The property is suitable for investors or for implementing a new residential project considering the plot parameters and reconstruction possibilities.
With 20% down over 20 years the monthly mortgage payment is about 674 €, against an expected local rent of 3,139 €. The rent covers the whole payment (465%).
The asking price has fallen by 3,000 € (1.9%) since it was first listed.
Pros and cons
AI summaryPros
- established infrastructure
- convenient access
- potential for new construction
Cons
- poor structural condition
- needs major renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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