+48% above market
median 1,549 €/m² for comparable properties
140,000 € 2,295 €/m²
Rent covers ~ 112% of the payment
~ 693 €/mo rent · pays for itself in ~ 17 yrs
Sale175,000 €1,080 €/m²
Expected rent552 € /mo
~94,000 € BELOW MARKET
good value
against the median for 2-room apartments in Asparuhovo (260 properties)
Area
162 m²
Floor
3 / 6
Construction
Brick
Year
2012
Yield analysis
Low investment rating
Monthly payment776 €20% down payment · 20 yrs · 3%
Expected rent552 €at market conditions for the neighbourhood
The rent covers 71% of the payment — you top up about 224 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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 94,000 € below the typical price (the median) for 2-room apartments in Asparuhovo (260 properties) — 1,080 €/m² against 1,659 €/m².
2-room apartment in the South Bay Residence complex, located on the first sea line in the district of Asparuhovo, Varna.
The layout includes a spacious living room with kitchen and dining area, a large bedroom, bathroom with toilet, and storage room, with both main rooms having access to a large terrace.
The property is built with brick construction from 2012, situated on the 3rd floor of 6, with an available elevator and included underground parking space.
The complex offers controlled access, well-maintained common areas, a swimming pool, a shop and an eatery, and the beach is about 100 meters away.
The property is suitable for permanent residence, holiday home or investment, combining amenities and sea location.
With 20% down over 20 years the monthly mortgage payment is about 776 €, against an expected local rent of 552 €. The rent covers 71% of it.
Source: Market statistics for 2-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- large terrace
- parking space
- elevator
- controlled access
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
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 35% below the average for comparable properties.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
Amenities
- Elevator
- With Parking
- Access Control
- Gated Community
Details
- Category
- Residential
- Rooms
- 2
- 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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