+34% above market
median 2,845 €/m² for comparable properties
385,000 € 3,811 €/m²
Rent covers ~ 47% of the payment
~ 810 €/mo rent · you top up ~ 898 €/mo
Sale495,000 €4,714 €/m²
Expected rent810 € /mo
~196,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Chaika (78 properties)
Area
105 m²
Floor
12 / 16
Construction
EPC
Year
1980
Yield analysis
Low investment rating
Monthly payment2,196 €20% down payment · 20 yrs · 3%
Expected rent810 €at market conditions for the neighbourhood
The rent covers 37% of the payment — you top up about 1,386 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 51 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 196,500 € above the typical price (the median) for 3-room apartments in Chaika (78 properties) — 4,714 €/m² against 2,845 €/m².
Three-room apartment with an area of 105 sq m located in the district of Chaika, Varna. The property is situated on the 12th floor of a 16-storey building with an elevator.
The layout includes a spacious living area, functionally divided into kitchen, dining area, and lounge, as well as a panoramic terrace adjoining the living room. There are two large bedrooms and two bathrooms – one with a bath and toilet, and a separate toilet.
The building is brick from 1980, and the apartment features quality insulation and Schuco AWCT72 triple-glazed windows. The flooring is solid oak parquet.
The location is close to the Sea Garden, the beach strip, educational institutions, and public transport, with Varna city centre within walking distance.
The property is suitable for those seeking a spacious home with a good location and views of the sea and city.
With 20% down over 20 years the monthly mortgage payment is about 2,196 €, against an expected local rent of 810 €. The rent covers 37% of it.
Pros and cons
AI summaryPros
- panoramic terrace
- functional layout
- quality materials
- 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.
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.
Layout
- living area
- bedroom
- bedroom
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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