+36% над пазара
median 3,855 €/m² for comparable properties
630,000 € 5,250 €/m²
Rent covers ~ 33% of the payment
~ 915 €/mo rent · you top up ~ 1,880 €/mo
Sale239,000 €3,414 €/m²
Expected rent915 € /mo
~31,000 € BELOW MARKET
good value
against the median for apartments in Festivalen Kompleks (31 properties)
Area
70 m²
Floor
2 / 5
Construction
Brick
Heating
Local Heating
Yield analysis
Fair investment rating
Monthly payment1,060 €20% down payment · 20 yrs · 3%
Expected rent915 €at market conditions for the neighbourhood
The rent covers 86% of the payment — you top up about 145 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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 31,000 € below the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 3,414 €/m² against 3,855 €/m².
2-room apartment in Varna, Festival Complex district, on the second floor of a four-storey brick building from 1970.
The layout includes a spacious living room with sleeping area and terrace, furnished kitchen, hallway, and bathroom with toilet. The property also includes an attic room of 20 sq m.
The building is brick, and the apartment is centrally located with a south aspect, providing good light and warmth.
The location is close to the Sea Garden, city beach, and amenities such as bus stops and schools, facilitating daily life.
The property is suitable both for personal use and as an investment with potential for short-term rental.
With 20% down over 20 years the monthly mortgage payment is about 1,060 €, against an expected local rent of 915 €. The rent covers 86% of it.
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- south aspect
- terrace
- close to sea
- functional layout
Cons
- in need of renovation
Layout
- living room with sleeping area about 20 sq m
- kitchen about 15 sq m
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.
Similar properties nearby
На пазарно ниво
median 3,306 €/m² for comparable properties
330,000 € 3,300 €/m²
Rent covers ~ 62% of the payment
~ 915 €/mo rent · you top up ~ 549 €/mo
+26% над пазара
median 3,306 €/m² for comparable properties
409,000 € 4,173 €/m²
Rent covers ~ 50% of the payment
~ 915 €/mo rent · you top up ~ 900 €/mo
На пазарно ниво
median 3,855 €/m² for comparable properties
239,000 € 3,854 €/m²
Rent covers ~ 86% of the payment
~ 915 €/mo rent · you top up ~ 145 €/mo
−17% под пазара
median 3,855 €/m² for comparable properties
160,000 € 3,200 €/m²
Rent covers ~ 129% of the payment
~ 915 €/mo rent · pays for itself in ~ 15 yrs
+13% над пазара
median 3,904 €/m² for comparable properties
On request
No yield data
Appears once there's enough market data
No market valuation
On request
No yield data
Appears once there's enough market data
No market valuation
On request
No yield data
Appears once there's enough market data