−19% below market
median 2,743 €/m² for comparable properties
229,500 € 2,295 €/m²
Rent covers ~ 82% of the payment
~ 834 €/mo rent · you top up ~ 184 €/mo
Sale53,900 €2,994 €/m²
Expected rent338 € /mo
AT MARKET LEVEL
fairly priced
against the median for apartments in Vins-Cherven Ploshtad (53 properties)
Area
18 m²
Floor
0 / 3
Construction
Brick
Yield analysis
Good investment rating
Monthly payment239 €20% down payment · 20 yrs · 3%
Expected rent338 €at market conditions for the neighbourhood
The rent covers 141% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 at the typical price (the median) for apartments in Vins-Cherven Ploshtad (53 properties) — 2,994 €/m² against 2,782 €/m².
Studio apartment with an area of 18 sq m, located on the ground floor in the VINS-Cherven Ploshtad district, Varna.
The layout includes a bright room with a kitchenette and a bathroom, suitable for one person or a couple.
The building is brick, the property is new, with modern furnishings and new appliances, ensuring readiness for use.
The location is close to the Sea Garden, in a quiet and green environment with access to sea air.
Suitable for investment or personal use with rental potential, combining convenience and functionality.
With 20% down over 20 years the monthly mortgage payment is about 239 €, against an expected local rent of 338 €. The rent covers the whole payment (141%).
Source: Market statistics for apartments in Vins-Cherven Ploshtad
Pros and cons
AI summaryPros
- near Sea Garden
- new-build
- functional layout
Cons
- ground floor
Layout
- room
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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