+43% above market
median 2,500 €/m² for comparable properties
412,000 € 3,582 €/m²
Rent covers ~ 55% of the payment
~ 1,001 €/mo rent · you top up ~ 827 €/mo
Sale120,000 €2,400 €/m²
Expected rent608 € /mo
~15,000 € BELOW MARKET
good value
against the median for 2-room apartments in Centyr (144 properties)
Area
50 m²
Floor
5 / 6
Construction
Brick
Yield analysis
Good investment rating
Monthly payment532 €20% down payment · 20 yrs · 3%
Expected rent608 €at market conditions for the neighbourhood
The rent covers 114% 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.
Price history
2 changes since listing▼ 17.2% · 25,000 €
- 145,000 €
- 140,000 €▼ 5,000 € (3.4%)
- 120,000 €▼ 20,000 € (14.3%)
Property analysis
This apartment is priced about 15,000 € below the typical price (the median) for 2-room apartments in Centyr (144 properties) — 2,400 €/m² against 2,700 €/m².
Two-room apartment with an area of 50 sq m, located in the Center of Varna, in the Neptune area. The property is on the 5th floor of a 6-storey building with an elevator.
The layout includes an entrance hall, living area with kitchen section, bedroom, bathroom with toilet and terrace, providing functional use of the space.
The building is brick, with Act 16, but the apartment is sold unfinished and needs renovation. The property also includes a basement.
The location is convenient, close to Medical University, Regional Hospital, shops and the Sea Garden, with easy access to city amenities.
Suitable for people looking for a home in the center with the possibility for renovation and adaptation according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 532 €, against an expected local rent of 608 €. The rent covers the whole payment (114%).
The asking price has fallen by 25,000 € (17.2%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- elevator
- terrace
- central location
Cons
- needs renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 2 times — about 17% below the original asking price.
What is the scope of the work, and are there hidden problems with the wiring or plumbing?
Because: The listing states that the property needs renovation.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living area
- bedroom
- bathroom
Amenities
- Elevator
- Needs Renovation
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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