+43% above market
median 2,500 €/m² for comparable properties
412,000 € 3,582 €/m²
Rent covers ~ 55% of the payment
~ 1,001 €/mo rent · you top up ~ 827 €/mo
Sale277,000 €3,693 €/m²
Expected rent881 € /mo
~66,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Centyr (244 properties)
Area
75 m²
Floor
4 / 5
Construction
Brick
Year
1960
Yield analysis
Low investment rating
Monthly payment1,229 €20% down payment · 20 yrs · 3%
Expected rent881 €at market conditions for the neighbourhood
The rent covers 72% of the payment — you top up about 348 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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 66,500 € above the typical price (the median) for 3-room apartments in Centyr (244 properties) — 3,693 €/m² against 2,808 €/m².
Apartment with three rooms and an area of 75 sq m is located in Varna city, Center district, near the Sea Garden.
The layout includes a corridor, kitchen, living room, bedroom, combined bathroom and large terrace, providing functional use of the space.
The building is brick from 1960, the apartment is on the 4th of 5 floors and needs renovation. The property includes a basement and attic space with potential for additional use or rental.
The location is well connected with proximity to supermarkets, eateries and bus lines, facilitating daily life.
The property is suitable for people looking for a home in the center with the possibility to renovate according to their personal needs.
With 20% down over 20 years the monthly mortgage payment is about 1,229 €, against an expected local rent of 881 €. The rent covers 72% of it.
Pros and cons
AI summaryPros
- functional layout
- large terrace
- basement and attic space
- central location
Cons
- needs renovation
- floor above ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1960 — about 66 years old.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 4 and the listing does not mention a lift.
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
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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At market level
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