+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
Sale209,000 €2,132 €/m²
Expected rent693 € /mo
~57,000 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Asparuhovo (209 properties)
Area
98 m²
Floor
3 / 7
Construction
Brick
Year
2018
Yield analysis
Low investment rating
Monthly payment927 €20% down payment · 20 yrs · 3%
Expected rent693 €at market conditions for the neighbourhood
The rent covers 75% of the payment — you top up about 234 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 25 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 57,000 € above the typical price (the median) for 3-room apartments in Asparuhovo (209 properties) — 2,132 €/m² against 1,549 €/m².
The offered property is a three-room apartment in the city of Varna, Asparuhovo district, located in the South Bay complex on the first sea line.
The layout includes a living room with kitchen area, two bedrooms, an entrance hall, and two terraces with sea views.
The building was constructed in 2018 with brick construction, featuring an elevator and access control within a gated complex.
The complex offers additional amenities such as a swimming pool, gym, security, and video surveillance, with parking available in front of the buildings.
The property is suitable for those seeking proximity to the sea and conveniences in a secured environment.
With 20% down over 20 years the monthly mortgage payment is about 927 €, against an expected local rent of 693 €. The rent covers 75% of it.
Source: Market statistics for 3-room apartments in Asparuhovo
Pros and cons
AI summaryPros
- sea view
- gated complex
- new-build
- elevator
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 211 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 with kitchen area
- bedroom
- bedroom
- entrance hall/corridor
- terrace
- terrace
Amenities
- Elevator
- Access Control
- Gated Community
Details
- Category
- Residential
- Rooms
- 3
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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