At market level
median 1,590 €/m² for comparable properties
94,900 € 1,482 €/m²
Rent covers ~ 119% of the payment
~ 501 €/mo rent · pays for itself in ~ 16 yrs
Sale109,900 €1,446 €/m²
Expected rent501 € /mo
~11,000 € BELOW MARKET
good value
against the median for 2-room apartments in Kaisieva Gradina (192 properties)
Area
76 m²
Floor
8 / 11
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment488 €20% down payment · 20 yrs · 3%
Expected rent501 €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 11,000 € below the typical price (the median) for 2-room apartments in Kaisieva Gradina (192 properties) — 1,446 €/m² against 1,590 €/m².
The offered property is a two-room apartment in Varna, Kaisieva Gradina district, located on the eighth floor of a new-build building. The layout includes a living room with kitchenette, bedroom, bathroom with toilet, corridor, and loggia with a total area of 76 sq m. The construction is brick, with planned high-quality materials and five-chamber PVC windows, and the building has an elevator. The location is convenient, close to hypermarkets, schools, and transport connections. The property is suitable for people looking for a home with a functional layout and sea view in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 488 €, against an expected local rent of 501 €. The rent covers the whole payment (103%).
Source: Market statistics for 2-room apartments in Kaisieva Gradina
Pros and cons
AI summaryPros
- south aspect
- functional layout
- new-build
- elevator
Cons
- unfurnished
- under construction
Layout
- living room
- bedroom
- corridor
- bathroom
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.
Similar properties nearby
At market level
median 1,590 €/m² for comparable properties
103,000 € 1,560 €/m²
Rent covers ~ 110% of the payment
~ 501 €/mo rent · pays for itself in ~ 17 yrs
At market level
median 1,664 €/m² for comparable properties
59,990 € 1,817 €/m²
Rent covers ~ 196% of the payment
~ 522 €/mo rent · pays for itself in ~ 10 yrs
At market level
median 1,590 €/m² for comparable properties
96,400 € 1,606 €/m²
Rent covers ~ 117% of the payment
~ 501 €/mo rent · pays for itself in ~ 16 yrs
+12% above market
median 1,660 €/m² for comparable properties
159,900 € 1,859 €/m²
Rent covers ~ 74% of the payment
~ 522 €/mo rent · you top up ~ 187 €/mo
At market level
median 1,495 €/m² for comparable properties
117,500 € 1,587 €/m²
Rent covers ~ 113% of the payment
~ 587 €/mo rent · pays for itself in ~ 17 yrs
+11% above market
median 1,590 €/m² for comparable properties
112,700 € 1,760 €/m²
Rent covers ~ 100% of the payment
~ 501 €/mo rent · pays for itself in ~ 19 yrs
At market level
median 1,590 €/m² for comparable properties
90,000 € 1,500 €/m²
Rent covers ~ 125% of the payment
~ 501 €/mo rent · pays for itself in ~ 15 yrs