+42% above market
median 2,001 €/m² for comparable properties
375,000 € 2,840 €/m²
Rent covers ~ 71% of the payment
~ 1,187 €/mo rent · you top up ~ 477 €/mo
Sale225,000 €3,040 €/m²
Expected rent696 € /mo
~79,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Sveti Nikola (30 properties)
Area
74 m²
Floor
0 / 5
Construction
Brick
Yield analysis
Low investment rating
Monthly payment998 €20% down payment · 20 yrs · 3%
Expected rent696 €at market conditions for the neighbourhood
The rent covers 70% of the payment — you top up about 302 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 27 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 79,000 € above the typical price (the median) for 2-room apartments in Sveti Nikola (30 properties) — 3,040 €/m² against 1,974 €/m².
Two-room apartment in the Sveti Nikola district of Varna, located on the ground floor of a 5-storey building.
The layout includes a spacious living room with kitchen, bedroom, bathroom with shower cabin, and a veranda with two seating areas.
The building is brick with an elevator and maintained common areas, part of a gated complex with security, parking, and green spaces.
The location is in a quiet and preferred area with good infrastructure and nearby recreational opportunities.
The property is suitable for family living or investment, combining functionality and comfort in a closed environment.
With 20% down over 20 years the monthly mortgage payment is about 998 €, against an expected local rent of 696 €. The rent covers 70% of it.
Source: Market statistics for 2-room apartments in Sveti Nikola
Pros and cons
AI summaryPros
- south aspect
- gated complex
- elevator
- parking space
Cons
- ground floor
Layout
- living room
- bedroom
Amenities
- Elevator
- With Parking
- Gated Community
Exposure
AI summarySSouth
Maximum sunlight throughout the day
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.
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