At market level
median 1,972 €/m² for comparable properties
176,000 € 2,000 €/m²
Rent covers ~ 70% of the payment
~ 550 €/mo rent · you top up ~ 231 €/mo
Sale119,990 €1,874 €/m²
Expected rent674 € /mo
~35,000 € BELOW MARKET
good value
against the median for 3-room apartments in Bazar Levski (26 properties)
Area
64 m²
Floor
3 / 6
Construction
Panel
Yield analysis
Good investment rating
Monthly payment532 €20% down payment · 20 yrs · 3%
Expected rent674 €at market conditions for the neighbourhood
The rent covers 127% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 35,000 € below the typical price (the median) for 3-room apartments in Bazar Levski (26 properties) — 1,874 €/m² against 2,425 €/m².
The presented property is a three-room apartment in Varna city, Bazar Levski district. It features a corridor, kitchen, living room, bedroom, storage room, and two terraces, providing a functional layout. The apartment is in a prefab panel block on the third of six floors with an available elevator and a basement storage room. The building is prefab panel construction, and the apartment is in need of renovation, offering the opportunity for redesign and space improvement. The location is convenient, close to public transport, schools, kindergartens, and university, making it suitable both for living and investment. The property suits those seeking a middle floor and urban environment with easy access to amenities.
With 20% down over 20 years the monthly mortgage payment is about 532 €, against an expected local rent of 674 €. The rent covers the whole payment (127%).
Source: Market statistics for 3-room apartments in Bazar Levski
Pros and cons
AI summaryPros
- functional layout
- two terraces
- elevator
- close to public transport
Cons
- in need of renovation
- prefab panel construction
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 23% below the average for comparable properties.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- kitchen
- living room
- bedroom
- storage room
- terrace
- terrace
Amenities
- Elevator
- Tax Credit Option
Details
- Category
- Residential
- Rooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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