2-room apartment with terrace in Izgrev district, Varna

This apartment is priced about 16,500 € above the typical price (the median) for 2-room apartments in Izgrev (145 properties) — 2,075 €/m² against 1,664 €/m².

Apartment with two rooms in the city of Varna, Izgrev district, located on the third floor of a five-storey prefab panel building without an elevator. The living area is 40 sq m, to which a terrace of 4 sq m is added, as well as a basement room of 3 sq m.

The layout includes an entrance hall, spacious kitchen, living room with access to the terrace, bathroom and toilet. It is possible to convert the kitchen into a bedroom by incorporating the terrace, allowing flexible use of the space.

The building is prefab panel construction, and the apartment requires renovation and has no elevator. The installations and condition require updating according to the needs of the new owner.

The area offers good infrastructure with access to public transport, shops, schools and medical facilities. There is free parking for residents in front of the building.

The property is suitable for people looking for a home with customization potential in a well-established urban area.

With 20% down over 20 years the monthly mortgage payment is about 368 €, against an expected local rent of 479 €. The rent covers the whole payment (130%).

The asking price has fallen by 2,000 € (2.4%) since it was first listed.

Source: Market statistics for 2-room apartments in Izgrev