+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
Sale200,000 €2,631 €/m²
Expected rent416 € /mo
~28,000 € BELOW MARKET
good value
against the median for 1-room apartments in Centyr (24 properties)
Area
76 m²
Floor
0 / 6
Construction
Brick
Year
2007
Yield analysis
Low investment rating
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent416 €at market conditions for the neighbourhood
The rent covers 47% of the payment — you top up about 471 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 40 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 28,000 € below the typical price (the median) for 1-room apartments in Centyr (24 properties) — 2,631 €/m² against 3,000 €/m².
The offered property is a one-room apartment with an area of 76 sq m, located in the Center of Varna city, near the Cherno More hotel. The layout includes an entrance hall, bathroom with toilet, and a large room divided into a kitchen area, dining area, and relaxation area. The apartment has studio status and features a southeast aspect. The building is brick, built in 2007, with well-maintained common areas and an occupancy permit. The property is situated on a semi-basement floor with a separate entrance in a six-storey building. The location is close to a pedestrian zone, Knyaz Boris and Slivnitsa Boulevards, the Sea Garden, and numerous commercial and cultural sites. The apartment is suitable both for personal use and as an investment for rental purposes. Overall, it is convenient for urban living with easy access to essential amenities.
With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 416 €. The rent covers 47% of it.
Pros and cons
AI summaryPros
- southeast aspect
- separate entrance
- well-maintained common areas
- central location
Cons
- semi-basement floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 12% below the average for comparable properties.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 214 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- room 76 sq m
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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