+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
Sale105,000 €1,779 €/m²
Expected rent552 € /mo
AT MARKET LEVEL
fairly priced
against the median for 2-room apartments in Asparuhovo (260 properties)
Area
59 m²
Floor
0 / 8
Construction
Brick
Year
1998
Yield analysis
Good investment rating
Monthly payment466 €20% down payment · 20 yrs · 3%
Expected rent552 €at market conditions for the neighbourhood
The rent covers 118% 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.
Property analysis
This apartment is priced at the typical price (the median) for 2-room apartments in Asparuhovo (260 properties) — 1,779 €/m² against 1,659 €/m².
2-room apartment in the district of Asparuhovo, Varna, located on the ground floor of a brick building from 1998 with a total area of 59 sq m.
The property includes a spacious corridor, living room with kitchenette, bedroom, bathroom with toilet, and storage room. It is possible to combine the kitchen and living room for a larger space.
The building is brick, with PVC windows and flooring of parquet, terracotta, and granite tiles. The property is in good condition and allows moving in after refreshing.
The location is convenient, close to the sea garden, beach, public transport stops, supermarkets, and educational institutions.
Suitable for living or investment with easy access to all amenities in the district.
With 20% down over 20 years the monthly mortgage payment is about 466 €, against an expected local rent of 552 €. The rent covers the whole payment (118%).
Source: Market statistics for 2-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- functional layout
- good aspect
- close to park
- brick construction
Cons
- ground floor
Layout
- corridor
- living room
- kitchenette
- bedroom
- bathroom
Amenities
- Access Control
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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