At market level
median 2,833 €/m² for comparable properties
1,300,000 € 2,615 €/m²
Rent covers ~ 52% of the payment
~ 3,001 €/mo rent · you top up ~ 2,767 €/mo
Sale430,000 €3,307 €/m²
Expected rent3,001 € /mo
~61,500 € ABOVE MARKET
above market
against the median for houses in Simeonovo (91 properties)
Area
130 m²
Land Area
627 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment1,908 €20% down payment · 20 yrs · 3%
Expected rent3,001 €at market conditions for the neighbourhood
The rent covers 157% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 61,500 € above the typical price (the median) for houses in Simeonovo (91 properties) — 3,307 €/m² against 2,833 €/m².
House in Sofia city, Simeonovo district, located on Simeonovsko Shose Blvd near a public transport stop.
The layout includes a garage, summer kitchen, and storage on the first floor; living room, kitchen, and bathroom with toilet on the second floor; two separate rooms and the possibility for a second bathroom on the third floor.
The building is solid, built in 1970 with brick construction, equipped with central sewage and gas supply.
The location offers convenient access to public transport and main road arteries in the Simeonovo area.
The property is suitable for use after modern renovation, providing the opportunity to adapt according to the needs of future occupants.
With 20% down over 20 years the monthly mortgage payment is about 1,908 €, against an expected local rent of 3,001 €. The rent covers the whole payment (157%).
Pros and cons
AI summaryPros
- solid construction
- central sewage
- gas supply
- garage
Cons
- needs renovation
Layout
- garage
- summer kitchen
- storage
- living room
- kitchen
- bathroom
- toilet
- two separate rooms
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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At market level
median 2,833 €/m² for comparable properties
890,000 € 2,908 €/m²
Rent covers ~ 76% of the payment
~ 3,001 €/mo rent · you top up ~ 948 €/mo