+25% above market
median 2,828 €/m² for comparable properties
2,300,000 € 3,538 €/m²
Rent covers ~ 29% of the payment
~ 2,978 €/mo rent · you top up ~ 7,227 €/mo
Sale555,000 €6,166 €/m²
Expected rent2,978 € /mo
~300,500 € ABOVE MARKET
overpriced
against the median for houses in Simeonovo (91 properties)
Area
90 m²
Land Area
881 m²
Construction
Brick
Year
1960
Yield analysis
Good investment rating
Monthly payment2,462 €20% down payment · 20 yrs · 3%
Expected rent2,978 €at market conditions for the neighbourhood
The rent covers 121% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 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▼ 6.7% · 40,000 €
- 595,000 €
- 555,000 €▼ 40,000 € (6.7%)
Property analysis
This house is priced about 300,500 € above the typical price (the median) for houses in Simeonovo (91 properties) — 6,166 €/m² against 2,828 €/m².
The house is located in the Simeonovo district of Sofia, on a regulated plot of 881 sq m. The property is detached and offers tranquility close to nature.
The layout includes two bedrooms, a living room with kitchen and dining area, a separate office, a bathroom with toilet, and a spacious covered veranda with a retractable pergola. The interior spaces are functional and provide convenience for a family or remote work.
The building was constructed of brick in 1960, renovated, and equipped with a heat pump for efficient heating. The property includes parking, internet, and video surveillance.
The location is quiet and green, with year-round access via asphalt road and quick connections to Simeonovsko Shose and the Ring Road. The area has schools, kindergartens, and retail outlets.
The property is suitable for families seeking a balance between nature and city conveniences, as well as potential for future development of the yard.
With 20% down over 20 years the monthly mortgage payment is about 2,462 €, against an expected local rent of 2,978 €. The rent covers the whole payment (121%).
The asking price has fallen by 40,000 € (6.7%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- panoramic view of Vitosha
- large yard
- energy-efficient heating
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- kitchen
- dining area
- bedroom
- bedroom
- office
- entrance hall
- veranda
Amenities
- With Parking
- Internet Connection
- Video Surveillance
- Renovated
Details
- Category
- Residential
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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At market level
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