+43% above market
median 2,500 €/m² for comparable properties
412,000 € 3,582 €/m²
Rent covers ~ 55% of the payment
~ 1,001 €/mo rent · you top up ~ 827 €/mo
Sale85,000 €3,863 €/m²
Expected rent416 € /mo
~19,000 € ABOVE MARKET
overpriced
against the median for 1-room apartments in Centyr (24 properties)
Area
22 m²
Floor
1 / 4
Construction
Brick
Year
1960
Yield analysis
Fair investment rating
Monthly payment377 €20% down payment · 20 yrs · 3%
Expected rent416 €at market conditions for the neighbourhood
The rent covers 110% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This apartment is priced about 19,000 € above the typical price (the median) for 1-room apartments in Centyr (24 properties) — 3,863 €/m² against 3,000 €/m².
Studio apartment with an area of 22 sq m, located on the first floor of a brick building in the centre of Varna. The property has studio status and includes ideal parts of the plot.
The layout is compact, with a fitted kitchen, bathroom, and living area with a sofa bed, suitable for one person or a couple.
The building was constructed in 1960, and the property has been updated with a new air conditioner, LED lighting, and modern interior. There is no information about additional amenities such as an elevator or parking.
The location is close to the Archaeological Museum, Sea Garden, and pedestrian zone, providing easy access to city amenities and transport.
Suitable for investment or personal use with a focus on short-term rental and urban lifestyle.
With 20% down over 20 years the monthly mortgage payment is about 377 €, against an expected local rent of 416 €. The rent covers the whole payment (110%).
Pros and cons
AI summaryPros
- central location
- modern interior
- fully furnished
- ready to use
Cons
- ground floor
- small area
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1960 — about 66 years old.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Details
- Category
- Residential
- Rooms
- 1
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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