+19% above market
median 2,000 €/m² for comparable properties
155,000 € 2,384 €/m²
Rent covers ~ 80% of the payment
~ 549 €/mo rent · you top up ~ 139 €/mo
Sale110,000 €2,444 €/m²
Expected rent321 € /mo
~28,000 € ABOVE MARKET
overpriced
against the median for 1-room apartments in Levski 1 (19 properties)
Area
45 m²
Floor
2 / 8
Construction
Panel
Year
1970
Yield analysis
Low investment rating
Monthly payment488 €20% down payment · 20 yrs · 3%
Expected rent321 €at market conditions for the neighbourhood
The rent covers 66% of the payment — you top up about 167 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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 € above the typical price (the median) for 1-room apartments in Levski 1 (19 properties) — 2,444 €/m² against 1,822 €/m².
Studio in Varna city, Levski 1 district, located on the second floor of an eight-storey prefab panel building.
The apartment has a functional layout with a corridor, living room/bedroom, kitchen with dining area, bathroom with toilet, and a terrace.
The building is prefab panel from 1970, with maintained common areas and an available elevator. The apartment needs renovation and offers the opportunity for updating according to the buyer's needs.
The location is convenient, close to Levski Blvd and the Medical University in Varna, providing good urban access and infrastructure.
The property is suitable for people looking for housing in the central part of the city with potential for improvement.
With 20% down over 20 years the monthly mortgage payment is about 488 €, against an expected local rent of 321 €. The rent covers 66% of it.
Pros and cons
AI summaryPros
- functional layout
- south aspect
- elevator
- good location
Cons
- prefab panel construction
- needs renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living room
- kitchen
- dining area
- bathroom
- toilet
- terrace
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 1
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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