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€60,000

5.0/10

€923/m²

2
Rooms
65.0m²
Area
1/1
Floor

📊 ROI Scenarios

166%
Conservative
Sell as-is
51%
Target
€700/m²
33%
Premium
€1200/m²

💰 ROI Analysis

Purchase price €60,000
Renovation cost (~€700/m²) €45,500
Total investment €105,500
Comp avg €/m² (17 listings within 500m) €2,451/m²
Projected sale (65.0m² × €2,451) €159,314
Estimated profit / ROI €53,814 / 51%

AI-estimated ROI: -13%

Details

Location Centrs, Maiznīcas 4
Building type P. kara
Published 18.02.2026 7d
🌡️ Central heating
📍 Location

Description

Продается квартира в одноэтажном доме, отдельный вход со двора, просторный полуподвал; комнаты изолированные, санузел совмещенный, отопление печное. Требуется капитальный ремонт.Pilsēta:RīgaRajons:centrsIela:Maiznīcas 4[Karte]Istabas:2Platība:65 m²Stāvs:1/1Sērija:P. karaMājas tips:KokaĒrtības:Parkošanas vietaCena:60 000 € (923.08 €/m²)

🤖 AI Analysis

23 Feb 2026
5.0
Deal Score
8
Reno Potential
-13%
Est. ROI

📸 Photo Assessment

The exterior photos show a dilapidated period building with significant wear and tear, crumbling plaster, and visible signs of disrepair. The entrance appears rustic and possibly damp. The overall impression is that of a property requiring a full gut renovation.

📋 Analyst Notes

This property is explicitly described as having a 'spacious semi-basement' ('просторный полуподвал'), which immediately triggers a red flag for the investor's criteria. Despite the low purchase price and high renovation potential, the basement designation drives the deal score down significantly. The estimated ROI is negative due to the high renovation cost relative to the potential sale price, making this an unsuitable investment despite the Centrs location and initial low entry point.

🚩 Red Flags

basement/semi-basement, requires capital repair, stove heating, period building (potential structural issues), low natural light, potential dampness

Tags

renovation ground_floor no_balcony centrs parking period_building damp_concern structural_concern

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📊 Comparable Properties (10 within 300m)

Avg: €2,659/m² — used for ROI calculation