median 1,959 €/m² for comparable properties
Rent covers ~ 108% of the payment
~ 576 €/mo rent · pays for itself in ~ 17 yrs
~21,500 € ABOVE MARKET
overpriced
against the median for 1-room apartments in Kolhozen Pazar (28 properties)
Good investment rating
The rent covers 120% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This apartment is priced about 21,500 € above the typical price (the median) for 1-room apartments in Kolhozen Pazar (28 properties) — 3,050 €/m² against 1,868 €/m².
The property is a one-room apartment located on the ground floor in the area of Kolhozen pazar, Varna. The layout includes an entrance hall, spacious room, and private internal yard of about 15 sq m. The apartment is brick-built and has garage status, without car access. The location is in an urban area with convenient access to central parts of Varna. It is suitable both for living and for renting out, offering a balance between functionality and urban amenities.
With 20% down over 20 years the monthly mortgage payment is about 244 €, against an expected local rent of 292 €. The rent covers the whole payment (120%).
Source: Market statistics for 1-room apartments in Kolhozen Pazar
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,959 €/m² for comparable properties
Rent covers ~ 108% of the payment
~ 576 €/mo rent · pays for itself in ~ 17 yrs
median 1,959 €/m² for comparable properties
Rent covers ~ 108% of the payment
~ 576 €/mo rent · pays for itself in ~ 17 yrs
median 1,959 €/m² for comparable properties
Rent covers ~ 72% of the payment
~ 576 €/mo rent · you top up ~ 223 €/mo
median 1,868 €/m² for comparable properties
Rent covers ~ 77% of the payment
~ 292 €/mo rent · you top up ~ 85 €/mo
median 1,959 €/m² for comparable properties
Rent covers ~ 97% of the payment
~ 576 €/mo rent · you top up ~ 19 €/mo
median 1,668 €/m² for comparable properties
Rent covers ~ 38% of the payment
~ 492 €/mo rent · you top up ~ 817 €/mo
median 1,959 €/m² for comparable properties
Rent covers ~ 81% of the payment
~ 576 €/mo rent · you top up ~ 133 €/mo
median 1,964 €/m² for comparable properties
Rent covers ~ 111% of the payment
~ 466 €/mo rent · pays for itself in ~ 17 yrs