~278,000 € BELOW MARKET
far below market
against the median for houses in Sofia (895 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Yield analysis
Strong investment rating
The rent covers 406% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 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 278,000 € below the typical price (the median) for houses in Sofia (895 properties) — 972 €/m² against 2,517 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
House in Sofia, Vrabnitsa 1 district, located in Toleva mahala.
The layout includes two floors with two-room walk-through apartments – bedroom, living room and kitchen, as well as a bathroom and toilet on each floor. The attic has a high ridge and can be converted into an additional apartment.
The construction is brick with slabs, and the property includes ideal parts of a yard with an area of about 250 sq m.
The location is in an urban environment with access to main communications and infrastructure of Vrabnitsa.
The property requires full renovation but offers the possibility for reconstruction and increasing the living area.
With 20% down over 20 years the monthly mortgage payment is about 776 €, against an expected local rent of 3,150 €. The rent covers the whole payment (406%).
Pros and cons
AI summary- two-storey structure
- attic conversion potential
- brick construction
- needs full renovation
- walk-through rooms
Layout
- bedroom
- living room
- kitchen
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.