+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
Sale140,000 €2,333 €/m²
Expected rent552 € /mo
~40,500 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Asparuhovo (260 properties)
Area
60 m²
Floor
3 / 8
Construction
Brick
Year
2024
Yield analysis
Fair investment rating
Monthly payment621 €20% down payment · 20 yrs · 3%
Expected rent552 €at market conditions for the neighbourhood
The rent covers 89% of the payment — you top up about 69 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 21 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 40,500 € above the typical price (the median) for 2-room apartments in Asparuhovo (260 properties) — 2,333 €/m² against 1,659 €/m².
2-room apartment in the South Bay residential complex, Asparuhovo district, Varna city, on the third floor of eight. The property has an area of 60 sq m and was built in 2024 with brick construction.
The layout includes a balcony with sea view, living room with kitchenette, and bedroom, suitable for permanent residence or a holiday home.
The building is new, equipped with an elevator, video surveillance, and access control, part of a gated and guarded complex with a pool and gym.
The location offers convenient access to the beach, shops, and transport connections, in a quiet environment close to the center of Varna.
The property is suitable for those seeking a combination of seaside amenities and modern living conditions.
With 20% down over 20 years the monthly mortgage payment is about 621 €, against an expected local rent of 552 €. The rent covers 89% of it.
Source: Market statistics for 2-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- new-build
- balcony with sea view
- gated complex
- elevator
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Amenities
- Elevator
- With Parking
- Video Surveillance
- Access Control
- Security
- Gated Community
Details
- Category
- Residential
- Rooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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