−21% below market
median 1,688 €/m² for comparable properties
84,900 € 1,326 €/m²
Rent covers ~ 148% of the payment
~ 559 €/mo rent · pays for itself in ~ 13 yrs
Sale149,000 €2,098 €/m²
Expected rent559 € /mo
~29,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Asparuhovo (264 properties)
Area
71 m²
Floor
2 / 5
Construction
Brick
Year
2016
Yield analysis
Fair investment rating
Monthly payment661 €20% down payment · 20 yrs · 3%
Expected rent559 €at market conditions for the neighbourhood
The rent covers 85% of the payment — you top up about 102 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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 29,000 € above the typical price (the median) for 2-room apartments in Asparuhovo (264 properties) — 2,098 €/m² against 1,688 €/m².
Two-room apartment in Varna city, Asparuhovo district, located on the first sea line. The property is part of the South Bay complex with restricted access and security.
The layout includes two main rooms with a total area of 71 sq m, suitable for comfortable use and providing good functionality. The apartment is on the second floor of a five-storey building with an elevator.
The building is brick, built in 2016, which guarantees modern construction standards and the presence of basic amenities such as an elevator and video surveillance.
The complex offers additional amenities such as a swimming pool, gym, café, and shops, while the immediate proximity to the beach ensures easy access to the sea shore.
The property is suitable for use as a holiday home or permanent residence with an emphasis on convenience and proximity to the sea.
With 20% down over 20 years the monthly mortgage payment is about 661 €, against an expected local rent of 559 €. The rent covers 85% of it.
Source: Market statistics for 2-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- sea view
- restricted access
- pool and gym
- new-build
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Amenities
- Elevator
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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