At market level
median 1,943 €/m² for comparable properties
160,000 € 1,860 €/m²
Rent covers ~ 78% of the payment
~ 552 €/mo rent · you top up ~ 158 €/mo
Sale225,000 €2,743 €/m²
Expected rent696 € /mo
~62,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Sveti Nikola (30 properties)
Area
82 m²
Floor
3 / 4
Construction
Brick
Year
2022
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 62,000 € above the typical price (the median) for 2-room apartments in Sveti Nikola (30 properties) — 2,743 €/m² against 1,989 €/m².
An apartment with 2 rooms, located in Varna city, Sveti Nikola district. The property is on the third floor of a brick building from 2022 with an elevator. The layout includes a living room with kitchenette and terrace, a large bedroom, corridor, and bathroom with toilet. The property has a southeast aspect and offers a sea view. The building is part of a gated complex with controlled access, an outdoor pool, and maintained yard. The complex is situated in a quiet area with easy access to Varna city centre and nearby resorts. Suitable for those seeking comfort and security close to the sea and nature.
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
- southeast aspect
- sea view
- gated complex
- elevator
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room (27 sq m)
- bedroom (20 sq m)
- corridor (3.75 sq m)
- bathroom with toilet (5 sq m)
Amenities
- With Transition
- Elevator
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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