−96% below market
median 1,796 €/m² for comparable properties
75,000 € 78 €/m²
Rent covers ~ 527% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 4 yrs
Sale135,000 €3,857 €/m²
Expected rent1,755 € /mo
~72,000 € ABOVE MARKET
overpriced
against the median for houses in Borovec - Sever (24 properties)
Area
35 m²
Land Area
1,333 m²
Construction
Brick
Year
1995
Yield analysis
Strong investment rating
Monthly payment599 €20% down payment · 20 yrs · 3%
Expected rent1,755 €at market conditions for the neighbourhood
The rent covers 293% 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.
Property analysis
This house is priced about 72,000 € above the typical price (the median) for houses in Borovec - Sever (24 properties) — 3,857 €/m² against 1,796 €/m².
House with an area of 35 sq m, located in m-t Borovets - north, Varna city.
The layout includes a living room with kitchenette, two separate rooms and a bathroom, providing basic functionality for a small family or a holiday property.
The building is brick from 1995, the property requires renovation, and the availability of electricity and water accounts is an advantage. There is a separate garage and parking on the property.
It is located about 50 meters from the main road, near Delvite restaurant, on a flat plot without elevation difference, suitable for construction of additional buildings.
The property is suitable for people looking for a small house close to nature with investment potential and improvement according to needs.
With 20% down over 20 years the monthly mortgage payment is about 599 €, against an expected local rent of 1,755 €. The rent covers the whole payment (293%).
Pros and cons
AI summaryPros
- garage
- flat plot
- electricity and water accounts
Cons
- needs renovation
Amenities
- With Parking
- Needs Renovation
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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