+22% above market
median 1,901 €/m² for comparable properties
65,000 € 2,321 €/m²
Rent covers ~ 226% of the payment
~ 652 €/mo rent · pays for itself in ~ 8 yrs
Sale80,500 €2,175 €/m²
Expected rent652 € /mo
~10,000 € ABOVE MARKET
above market
against the median for apartments in Varna (9,988 properties)
Area
37 m²
Floor
3 / 5
Construction
Panel
Year
1970
Yield analysis
Strong investment rating
Monthly payment357 €20% down payment · 20 yrs · 3%
Expected rent652 €at market conditions for the neighbourhood
The rent covers 183% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 10 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
7 changes since listing▼ 10.6% · 9,500 €
- 90,000 €
- 89,000 €▼ 1,000 € (1.1%)
- 81,000 €▼ 8,000 € (9%)
- 83,000 €▲ 2,000 € (2.5%)
- 83,000 €▲ 0 € (0%)
- 81,000 €▼ 2,000 € (2.4%)
- 80,500 €▼ 500 € (0.6%)
- 80,500 €▲ 0 € (0%)
Property analysis
This apartment is priced about 10,000 € above the typical price (the median) for apartments in Varna (9,988 properties) — 2,175 €/m² against 1,901 €/m².
The apartment is located in the city of Varna, in Zapadna Promishlena Zona. It features a corridor, living room, bedroom, small kitchen, and bathroom with toilet, providing a basic functional layout. The property is in a prefab panel block from 1970, on the third of five floors, with a southeast aspect and after a complete renovation, including replacement of plumbing and electrical installations. The location is close to Republika Blvd and main transport arteries but in an industrial zone with limited nearby amenities. The property is suitable for practical use given the small floor area and middle floor position, offering basic conveniences and updated infrastructure.
With 20% down over 20 years the monthly mortgage payment is about 357 €, against an expected local rent of 652 €. The rent covers the whole payment (183%).
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 104 days. The asking price has fallen by 9,500 € (10.6%) since it was first listed.
Pros and cons
AI summaryPros
- complete renovation
- southeast aspect
- middle floor
Cons
- prefab panel construction
- small floor area
- industrial zone
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 4 times — about 11% below the original asking price.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 2 listings at the same price.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living room
- bedroom
- kitchen
- bathroom
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
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median 1,901 €/m² for comparable properties
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Rent covers ~ 251% of the payment
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+21% above market
median 1,901 €/m² for comparable properties
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Rent covers ~ 59% of the payment
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