At market level
median 1,627 €/m² for comparable properties
204,990 € 1,614 €/m²
Rent covers ~ 194% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 10 yrs
Sale204,990 €1,639 €/m²
Expected rent1,764 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Sotira (25 properties)
Area
125 m²
Land Area
40 m²
Construction
Brick
Year
2027
Yield analysis
Strong investment rating
Monthly payment909 €20% down payment · 20 yrs · 3%
Expected rent1,764 €at market conditions for the neighbourhood
The rent covers 194% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 10 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
2 changes since listing▼ 17.7% · 44,010 €
- 249,000 €
- 225,000 €▼ 24,000 € (9.6%)
- 204,990 €▼ 20,010 € (8.9%)
Property analysis
This house is priced at the typical price (the median) for houses in Sotira (25 properties) — 1,614 €/m² against 1,627 €/m².
With 20% down over 20 years the monthly mortgage payment is about 909 €, against an expected local rent of 1,764 €. The rent covers the whole payment (194%).
The asking price has fallen by 44,010 € (17.7%) since it was first listed.
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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median 1,627 €/m² for comparable properties
204,990 € 1,529 €/m²
Rent covers ~ 194% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 10 yrs
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