+54% above market
median 1,862 €/m² for comparable properties
229,000 € 2,862 €/m²
Rent covers ~ 59% of the payment
~ 596 €/mo rent · you top up ~ 420 €/mo
Sale138,000 €3,285 €/m²
Expected rent473 € /mo
~63,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Pogrebi (108 properties)
Area
42 m²
Floor
0 / 5
Construction
Brick
Year
2015
Yield analysis
Fair investment rating
Monthly payment612 €20% down payment · 20 yrs · 3%
Expected rent473 €at market conditions for the neighbourhood
The rent covers 77% of the payment — you top up about 139 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 63,000 € above the typical price (the median) for 2-room apartments in Pogrebi (108 properties) — 3,285 €/m² against 1,788 €/m².
2-room apartment in Varna city, Pogrebi district, located on the ground floor of a residential building from 2015.
Layout: kitchen-dining room, bedroom, combined bathroom and terrace, suitable for one person or a couple without children.
The building is brick and well maintained, the property is renovated and equipped with all necessary amenities. A parking space with direct street access is included.
The location is close to the city center and the Cathedral, providing easy access to urban infrastructure and services.
The property is suitable for living or investment considering its functionality and amenities.
With 20% down over 20 years the monthly mortgage payment is about 612 €, against an expected local rent of 473 €. The rent covers 77% of it.
Pros and cons
AI summaryPros
- parking space included
- renovated property
- functional layout
- brick construction
Cons
- ground floor
Layout
- kitchen-dining room
- bedroom
- bathroom
- terrace
Amenities
- With Parking
- Renovated
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.
Similar properties nearby
+16% above market
median 1,862 €/m² for comparable properties
229,000 € 2,160 €/m²
Rent covers ~ 59% of the payment
~ 596 €/mo rent · you top up ~ 420 €/mo
−22% below market
median 1,862 €/m² for comparable properties
139,000 € 1,447 €/m²
Rent covers ~ 97% of the payment
~ 596 €/mo rent · you top up ~ 21 €/mo
−16% below market
median 1,788 €/m² for comparable properties
99,000 € 1,500 €/m²
Rent covers ~ 108% of the payment
~ 473 €/mo rent · pays for itself in ~ 17 yrs
At market level
median 1,862 €/m² for comparable properties
163,000 € 1,895 €/m²
Rent covers ~ 82% of the payment
~ 596 €/mo rent · you top up ~ 127 €/mo
+24% above market
median 1,862 €/m² for comparable properties
180,000 € 2,307 €/m²
Rent covers ~ 75% of the payment
~ 596 €/mo rent · you top up ~ 203 €/mo
At market level
median 1,788 €/m² for comparable properties
109,800 € 1,742 €/m²
Rent covers ~ 97% of the payment
~ 473 €/mo rent · you top up ~ 14 €/mo
+17% above market
median 1,862 €/m² for comparable properties
229,000 € 2,180 €/m²
Rent covers ~ 59% of the payment
~ 596 €/mo rent · you top up ~ 420 €/mo