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
Sale239,000 €3,854 €/m²
Expected rent947 € /mo
~24,500 € ABOVE MARKET
above market
against the median for apartments in Festivalen Kompleks (31 properties)
Area
62 m²
Floor
2 / 4
Construction
Brick
Year
1970
Yield analysis
Fair investment rating
Monthly payment1,060 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 89% of the payment — you top up about 113 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 21 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 2% · 5,000 €
- 244,000 €
- 239,000 €▼ 5,000 € (2%)
Property analysis
This apartment is priced about 24,500 € above the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 3,854 €/m² against 3,462 €/m².
2-room apartment in Varna city, Festival Complex district, near Shishkova Garden and the Sea Garden. The property is located on the 2nd floor of 4 in a brick building from 1970.
The layout includes a living room with bedroom and access to the terrace, kitchen, hallway, and bathroom with toilet, providing convenience and functionality for everyday living.
The building is brick, with maintained common areas and average aspect, while the apartment has a south aspect, contributing to good natural light. All basic utilities and amenities are available.
The location is central with easy access to public transport, schools, and the beach area, making the property suitable both for living and for rental investment.
Overall, the property characteristics make it a suitable choice for those seeking convenience in an urban environment with potential for rental income.
With 20% down over 20 years the monthly mortgage payment is about 1,060 €, against an expected local rent of 947 €. The rent covers 89% of it.
The asking price has fallen by 5,000 € (2%) since it was first listed.
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- south aspect
- terrace
- near Sea Garden
- functional layout
Cons
- older building
- not top floor
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?
Because: The price has been cut once, by about 2%.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room 20 sq m
- bedroom
- kitchen 15 sq m
- hallway
- bathroom
Amenities
- Active Business
Exposure
AI summarySSouth
Maximum sunlight throughout the day
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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