−24% below market
median 2,461 €/m² for comparable properties
119,000 € 1,919 €/m²
Rent covers ~ 94% of the payment
~ 495 €/mo rent · you top up ~ 33 €/mo
Sale106,485 €1,521 €/m²
Expected rent485 € /mo
~10,000 € BELOW MARKET
good value
against the median for 2-room apartments in Izgrev (146 properties)
Area
70 m²
Floor
2 / 5
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment472 €20% down payment · 20 yrs · 3%
Expected rent485 €at market conditions for the neighbourhood
The rent covers 103% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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 10,000 € below the typical price (the median) for 2-room apartments in Izgrev (146 properties) — 1,521 €/m² against 1,662 €/m².
The offered property is a two-room apartment with an area of 70 sq m, located in Varna, Izgrev district. The apartment is on the second floor of a five-storey brick building with a total of 15 apartments. The layout includes an entrance hall, living room with kitchen area, bedroom, bathroom with toilet, balcony, and basement. The apartment is mid-positioned, with a fully south aspect, providing good natural light. The building has an elevator and is constructed with brick materials. The apartment is finished according to BDS standards with PVC windows, plastered walls, and an external armored door. The location is close to the Windmill, with quick access to main boulevards and the city centre. The property is suitable for people seeking convenient urban living with easy access to infrastructure.
With 20% down over 20 years the monthly mortgage payment is about 472 €, against an expected local rent of 485 €. The rent covers the whole payment (103%).
Pros and cons
AI summaryPros
- south aspect
- elevator
- brick construction
- balcony
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- entrance hall
- living room
- bedroom
- bathroom
- balcony
- basement
Amenities
- Elevator
Exposure
AI summarySSouth
Maximum sunlight throughout the day
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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