Sale

2-room apartment in Izgrev, Varna with east aspect

VarnaIzgrev
Published: 10 June 2026 Updated: 8 September 2026
Sale69,900 €1,625 €/m²
Expected rent472 € /mo

AT MARKET LEVEL

fairly priced

against the median for 2-room apartments in Izgrev (145 properties)

Area
43 m²
Floor
5 / 5
Construction
Panel
Year
1960

Yield analysis

Strong investment rating

8.1% / yr
Monthly payment310 €20% down payment · 20 yrs · 3%
Expected rent472 €at market conditions for the neighbourhood

The rent covers 152% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

2 changes since listing▼ 12.5% · 10,000 €
  1. 79,900 €22 June 2026Initial price
  2. 70,000 €▼ 9,900 € (12.4%) 8 July 2026Price reduced
  3. 69,900 €▼ 100 € (0.1%) 6 August 2026Price reducedCurrent

Property analysis

This apartment is priced at the typical price (the median) for 2-room apartments in Izgrev (145 properties) — 1,625 €/m² against 1,664 €/m².

2-room apartment in Varna city, Izgrev district, located on the top floor of a prefab panel building from 1960.

The layout includes an entrance hall, kitchen and living room with access to a shared terrace, bathroom and toilet, allowing for potential redistribution and space optimization.

The building is prefab panel construction, the apartment is cleaned and prepared for renovation, with no additional amenities available.

The location is convenient with access to public transport, shops, schools and medical facilities, providing good infrastructure.

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

With 20% down over 20 years the monthly mortgage payment is about 310 €, against an expected local rent of 472 €. The rent covers the whole payment (152%).

The asking price has fallen by 10,000 € (12.5%) since it was first listed.

Source: Market statistics for 2-room apartments in Izgrev

Pros and cons

AI summary
Pros
  • east aspect
  • potential for redistribution
  • good location
  • top floor
Cons
  • prefab panel construction
  • needs renovation
  • lack of amenities

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 2 times — about 13% below the original asking price.

  2. Has the block been insulated under the renovation programme, and is there paperwork for it?

    Because: Prefabricated panel construction.

  3. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1960 — about 66 years old.

  4. What condition is the roof in, and does it overheat in summer?

    Because: The property is on the top floor.

  5. Is there a lift in the building, and what condition is it in?

    Because: The property is on floor 5 and the listing does not mention a lift.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • entrance hall
  • kitchen
  • living room
  • bathroom
  • toilet

Exposure

AI summary
EEast

Morning sun, cooler afternoons

Details

Category
Residential
Rooms
2
Bathrooms
1

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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