Sale

House in Veliko Tyrnovo, Centyr

Veliko TyrnovoCentyr
Published: 1 May 2024 Updated: 1 May 2024
Sale55,000 €696 €/m²
Expected rent976 € /mo

~58,000 € BELOW MARKET

far below market

against the median for houses in Centyr (39 properties)

A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Area
79 m²
Construction
Wooden Frame
Year
1950

Yield analysis

Strong investment rating

21.3% / yr
Monthly payment244 €20% down payment · 20 yrs · 3%
Expected rent976 €at market conditions for the neighbourhood

The rent covers 400% 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 58,000 € below the typical price (the median) for houses in Centyr (39 properties) — 696 €/m² against 1,429 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

With 20% down over 20 years the monthly mortgage payment is about 244 €, against an expected local rent of 976 €. The rent covers the whole payment (400%).

Source: Market statistics for houses in Centyr

Details

Category
Residential

Location

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