+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
Sale352,070 €3,785 €/m²
Expected rent880 € /mo
~91,000 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Centyr (244 properties)
Area
93 m²
Floor
4 / 6
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,562 €20% down payment · 20 yrs · 3%
Expected rent880 €at market conditions for the neighbourhood
The rent covers 56% of the payment — you top up about 682 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 33 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 91,000 € above the typical price (the median) for 3-room apartments in Centyr (244 properties) — 3,785 €/m² against 2,808 €/m².
Three-room apartment in Varna city, Center district, part of a new-build building. The property is located on the fourth floor of a six-storey brick building with an elevator.
The layout includes a living room with kitchenette and access to a terrace, two bedrooms with a shared terrace, corridor, bathroom with toilet, and an adjacent basement. The aspect is southwest towards the living room and northeast towards the bedrooms.
The building is at an early stage of construction and will be finished to BDS standard with PVC windows and electric heating. A modern facade and common areas are planned.
The location is close to administrative and educational institutions, as well as public transport and main amenities. It is possible to purchase a parking space in the underground or above-ground parking.
The property offers a functional layout and conveniences for urban living, requiring finishing works before moving in.
With 20% down over 20 years the monthly mortgage payment is about 1,562 €, against an expected local rent of 880 €. The rent covers 56% of it.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- elevator
- parking space
Cons
- unfurnished
- electric heating
- finished to BDS
Layout
- living room (23 sq m)
- bedroom (12 sq m)
- bedroom (12 sq m)
- corridor (6 sq m)
Amenities
- Elevator
- With Parking
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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