−16% below market
median 1,878 €/m² for comparable properties
119,990 € 1,578 €/m²
Rent covers ~ 112% of the payment
~ 597 €/mo rent · pays for itself in ~ 17 yrs
Sale105,000 €2,100 €/m²
Expected rent470 € /mo
~15,000 € ABOVE MARKET
above market
against the median for 2-room apartments in Pogrebi (113 properties)
Area
50 m²
Floor
2 / 5
Construction
Brick
Year
1999
Yield analysis
Fair investment rating
Monthly payment466 €20% down payment · 20 yrs · 3%
Expected rent470 €at market conditions for the neighbourhood
The rent covers 101% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 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 15,000 € above the typical price (the median) for 2-room apartments in Pogrebi (113 properties) — 2,100 €/m² against 1,800 €/m².
The apartment is two-room and is located in the Pogrebi district, Varna. It features a functional layout: entrance hall, spacious living room, bedroom, bathroom with toilet, and two terraces. The property is on the second floor of a brick building from 1999, without an elevator. The property also includes a basement of about 5 sq m for additional storage. The location is close to Full Max Center with convenient access to shops, schools, and public transport. The property is suitable both for personal use and as an investment for rental purposes.
With 20% down over 20 years the monthly mortgage payment is about 466 €, against an expected local rent of 470 €. The rent covers the whole payment (101%).
Pros and cons
AI summaryPros
- functional layout
- two terraces
- storage basement
- central location
Cons
- no elevator
Layout
- living room
- bedroom
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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