+48% above market
median 1,549 €/m² for comparable properties
140,000 € 2,295 €/m²
Rent covers ~ 112% of the payment
~ 693 €/mo rent · pays for itself in ~ 17 yrs
Sale163,000 €831 €/m²
Expected rent676 € /mo
Area
196 m²
Floor
2 / 3
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment723 €20% down payment · 20 yrs · 3%
Expected rent676 €at market conditions for the neighbourhood
The rent covers 93% of the payment — you top up about 47 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
3 changes since listing▼ 3.6% · 6,000 €
- 169,000 €
- 169,000 €▲ 0 € (0%)
- 159,000 €▼ 10,000 € (5.9%)
- 163,000 €▲ 4,000 € (2.5%)
Property analysis
This apartment is priced 16% below the typical price (the median) for comparable properties — 1,108 €/m² against 1,313 €/m².
Apartment with attic in Asparuhovo district, Varna city, located on the second floor of a three-storey brick building.
The layout includes a living room, two bedrooms, kitchen, dining room, corridor, bathroom with toilet, and two terraces, as well as an attic with an area of 49 sq m.
The building is brick from 1968, with a new roof from 2023 and renovated common areas, but the apartment is in need of renovation. There are plumbing and electrical outlets.
The location is quiet and green, with easy access to the center of Varna, close to the sea and park, in a district with developed infrastructure and convenient public transport.
The property is suitable for residential use with potential for conversions or for a workshop/studio, offering a balance between urban environment and nature.
With 20% down over 20 years the monthly mortgage payment is about 723 €, against an expected local rent of 676 €. The rent covers 93% of it.
The asking price has fallen by 6,000 € (3.6%) since it was first listed.
Pros and cons
AI summaryPros
- flexible layout
- new roof
- close to park
- quiet location
Cons
- in need of renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 16% below the average for comparable properties.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 206 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- bedroom
- kitchen
- dining room
- corridor
- attic
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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