Sale

Three-room apartment in Center, Varna with renovation potential

VarnaCentyr
Published: 1 August 2026 Updated: 28 September 2026
Sale63,900 €1,359 €/m²
Expected rent608 € /mo

~63,000 € BELOW MARKET

far below market

against the median for 2-room apartments in Centyr (143 properties)

A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Area
47 m²
Construction
Brick
Year
1980

Yield analysis

Strong investment rating

11.4% / yr
Monthly payment284 €20% down payment · 20 yrs · 3%
Expected rent608 €at market conditions for the neighbourhood

The rent covers 214% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

1 change since listing▼ 8.3% · 5,800 €
  1. 69,700 €18 September 2026Initial price
  2. 63,900 €▼ 5,800 € (8.3%) 26 September 2026Price reducedCurrent

Property analysis

This apartment is priced about 63,000 € below the typical price (the median) for 2-room apartments in Centyr (143 properties) — 1,359 €/m² against 2,700 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Apartment with three rooms in Varna city, Center district.

The layout includes three separate rooms, suitable for residential use or investment.

The building is a solid brick construction from 1980, ensuring stability, but the property requires renovation. Two new air conditioners for heating and cooling are available.

The location is convenient, close to Full Max Center, a kindergarten, and main city amenities such as the Cathedral and Independence Square.

Suitable both for a young family and as an investment with a need for updating.

With 20% down over 20 years the monthly mortgage payment is about 284 €, against an expected local rent of 608 €. The rent covers the whole payment (214%).

The asking price has fallen by 5,800 € (8.3%) since it was first listed.

Source: Market statistics for 2-room apartments in Centyr

Pros and cons

AI summary
Pros
  • solid brick building
  • close to center
  • new air conditioners
Cons
  • needs renovation

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 50% below the average for comparable properties.

  2. Is there still room to negotiate?

    Because: The price has been cut once, by about 8%.

  3. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1980 — about 46 years old.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

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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