At market level
median 3,462 €/m² for comparable properties
239,000 € 3,414 €/m²
Rent covers ~ 89% of the payment
~ 947 €/mo rent · you top up ~ 113 €/mo
Sale160,000 €3,200 €/m²
Expected rent947 € /mo
AT MARKET LEVEL
fairly priced
against the median for apartments in Festivalen Kompleks (31 properties)
Area
50 m²
Floor
0 / 2
Construction
Brick
Yield analysis
Good investment rating
Monthly payment710 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 133% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 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 at the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 3,200 €/m² against 3,462 €/m².
2-room apartment in Varna, Festival Complex district, located on the ground floor of a brick building. The property includes two separate studios, each with its own bathroom, and ideal parts of the yard with an area of about 30 sq m.
The internal layout is functional, with each studio having a bathroom and toilet, allowing for independent use or rental.
The building is old construction, but the property has been completed after a full renovation and is offered furnished, facilitating immediate use.
The location is close to Cherno More hotel and the municipality, providing convenient access to urban infrastructure and services.
The property is suitable for investment with rental potential or for various types of activities, combining convenience and functionality in a central urban environment.
With 20% down over 20 years the monthly mortgage payment is about 710 €, against an expected local rent of 947 €. The rent covers the whole payment (133%).
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- full renovation
- furnished
- central location
Cons
- ground floor
- old construction
Layout
- studio 30sq m
- studio
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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