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
Sale349,900 €4,429 €/m²
Expected rent947 € /mo
~76,500 € ABOVE MARKET
overpriced
against the median for apartments in Festivalen Kompleks (31 properties)
Area
79 m²
Floor
5 / 8
Construction
Brick
Year
2011
Yield analysis
Low investment rating
Monthly payment1,552 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 61% of the payment — you top up about 605 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 31 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 76,500 € above the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 4,429 €/m² against 3,462 €/m².
The offered property is a two-room apartment with an area of 79 sq m, located in Varna, in the Festival Complex area. The apartment is on the fifth floor of an eight-storey brick building, built in 2011. The layout includes a living room with kitchenette, bedroom, bathroom with toilet, corridor, and two terraces, with a south/east aspect. The building is of high-quality construction and features an elevator, access control, and security. The location is close to the Sea Garden and Cherno More Hotel, providing convenient access to central city amenities. The property is suitable both for living and for renting out, thanks to its functional layout and sea view.
With 20% down over 20 years the monthly mortgage payment is about 1,552 €, against an expected local rent of 947 €. The rent covers 61% of it.
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- south/east aspect
- sea view
- high-quality construction
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- bedroom
Amenities
- Elevator
- Access Control
- Security
Exposure
AI summarySSouth
Maximum sunlight throughout the day
EEast
Morning sun, cooler afternoons
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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