+48% above market
median 1,549 €/m² for comparable properties
140,000 € 2,295 €/m²
Rent covers ~ 112% of the payment
~ 697 €/mo rent · pays for itself in ~ 17 yrs
Sale199,000 €1,859 €/m²
Expected rent697 € /mo
~33,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Asparuhovo (207 properties)
Area
107 m²
Floor
8 / 11
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment883 €20% down payment · 20 yrs · 3%
Expected rent697 €at market conditions for the neighbourhood
The rent covers 79% of the payment — you top up about 186 €/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 33,500 € above the typical price (the median) for 3-room apartments in Asparuhovo (207 properties) — 1,859 €/m² against 1,549 €/m².
3-room apartment in Varna city, Asparuhovo district, located in the Varna South Bay Residence complex on the first line by the Black Sea. The property has an area of 107 sq m and is situated on the 8th floor of 11 in a building with an elevator and a gated complex.
The layout includes a spacious living room with open kitchen and dining area, two bedrooms, a bathroom with shower cabin and separate toilet, as well as two terraces with sea views. The apartment is furnished and equipped with air conditioning in all rooms.
The building is brick, with maintenance and security in the complex, which also offers an outdoor pool, café and shop on site.
The location is about 100 meters from the beach, in a green and quiet environment close to bars and restaurants.
The property is suitable both as a holiday home and as an investment with rental potential.
With 20% down over 20 years the monthly mortgage payment is about 883 €, against an expected local rent of 697 €. The rent covers 79% of it.
Source: Market statistics for 3-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- gated complex
- elevator
- two terraces
- close to sea
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- kitchen
- dining area
- bedroom
- bedroom
- bathroom
- toilet
Amenities
- Elevator
- Gated Community
Exposure
AI summarySSouth
Maximum sunlight throughout the day
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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