+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
Sale156,000 €2,166 €/m²
Expected rent552 € /mo
~36,500 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Asparuhovo (260 properties)
Area
72 m²
Floor
4 / 5
Construction
Brick
Year
2017
Yield analysis
Fair investment rating
Monthly payment692 €20% down payment · 20 yrs · 3%
Expected rent552 €at market conditions for the neighbourhood
The rent covers 80% of the payment — you top up about 140 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 36,500 € above the typical price (the median) for 2-room apartments in Asparuhovo (260 properties) — 2,166 €/m² against 1,659 €/m².
The offered two-room apartment is part of the South Bay complex, located on the first sea line in the Asparuhovo district of Varna. The property has an area of 72 sq m and was built in 2017 in a brick building. The layout includes a living room with kitchen area, bedroom, entrance hall, and two terraces with sea views. The complex features restricted access, security, video surveillance, a swimming pool, a café-pastry shop, and shops, providing convenience and safety. The availability of free parking spaces in front of the building adds to the residents' comfort. The apartment is furnished and offers functional use of space.
With 20% down over 20 years the monthly mortgage payment is about 692 €, against an expected local rent of 552 €. The rent covers 80% of it.
Source: Market statistics for 2-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- sea view
- first sea line
- pool in complex
- restricted access and security
Cons
- fourth floor
- no elevator
Questions for the viewing
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Layout
- living room with kitchen area
- bedroom
- entrance hall/corridor
- two panoramic terraces
Amenities
- Elevator
- With Parking
- Video Surveillance
- Security
- Renovated
- Gated Community
Exposure
AI summarySSouth
Maximum sunlight throughout the day
Details
- Category
- Residential
- Rooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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