+31% above market
median 1,975 €/m² for comparable properties
225,000 € 2,586 €/m²
Rent covers ~ 69% of the payment
~ 691 €/mo rent · you top up ~ 307 €/mo
Sale183,900 €2,829 €/m²
Expected rent815 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Chaika (79 properties)
Area
65 m²
Floor
1 / 5
Construction
Panel
Year
1980
Yield analysis
Fair investment rating
Monthly payment816 €20% down payment · 20 yrs · 3%
Expected rent815 €at market conditions for the neighbourhood
The rent covers 100% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
5 changes since listing▼ 4.7% · 9,100 €
- 193,000 €
- 196,990 €▲ 3,990 € (2.1%)
- 189,000 €▼ 7,990 € (4.1%)
- 189,000 €▲ 0 € (0%)
- 183,900 €▼ 5,100 € (2.7%)
- 183,900 €▲ 0 € (0%)
Property analysis
This apartment is priced at the typical price (the median) for 3-room apartments in Chaika (79 properties) — 2,829 €/m² against 2,854 €/m².
Two-room apartment with an area of 65 sq m, located in the Chayka district, Varna. The property is situated on the first floor of a five-storey prefab panel building from 1980 without an elevator.
The layout includes a dining room with kitchen area, bedroom, living room with access to the terrace, corridor, two bathrooms and a storage room. The apartment has three separate rooms, which improves the functionality of the dwelling.
The building is prefab panel, with replaced electrical and plumbing installations and high-quality window frames. Heating and cooling are provided by air conditioners. The common areas are well maintained, and access is controlled.
The location is convenient, within walking distance to the Sea Garden and the beach, close to public transport, schools, kindergartens and shops. The property is suitable both for living and for investment.
The overall characteristics make the property a practical choice for urban living with good infrastructure and amenities.
With 20% down over 20 years the monthly mortgage payment is about 816 €, against an expected local rent of 815 €. The rent covers the whole payment (100%).
This property is advertised in 2 offers from 2 different sellers. All offers are at the same price. It has been listed for 89 days. The asking price has fallen by 9,100 € (4.7%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- southeast aspect
- close to park
- controlled access
Cons
- ground floor
- prefab panel construction
- no elevator
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 5% below the original asking price.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 2 listings at the same price.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- dining room
- bedroom
- living room
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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