Sale

Three-room apartment with three terraces in Chaika, Varna

VarnaChaika
Published: 3 February 2026 Updated: 18 September 2026
Sale249,000 €2,327 €/m²
Expected rent810 € /mo

~56,500 € BELOW MARKET

good value

against the median for 3-room apartments in Chaika (79 properties)

Area
107 m²
Floor
5 / 12
Construction
EPC
Year
1970

Yield analysis

Low investment rating

3.9% / yr
Monthly payment1,105 €20% down payment · 20 yrs · 3%
Expected rent810 €at market conditions for the neighbourhood

The rent covers 73% of the payment — you top up about 295 €/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.

Price history

1 change since listing▼ 3.9% · 10,000 €
  1. 259,000 €20 August 2026Initial price
  2. 249,000 €▼ 10,000 € (3.9%) 31 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 56,500 € below the typical price (the median) for 3-room apartments in Chaika (79 properties) — 2,327 €/m² against 2,854 €/m².

The offered three-room apartment has an area of 107 sq m and is located in the Chaika district, one of the greenest and quietest areas of Varna. The property is situated on the 5th floor of 12 in an EPK prefab building from 1970, with well-maintained common areas and an elevator. The layout includes a spacious living room, separate kitchen, two independent bedrooms, bathroom, separate toilet, storage room, and wide corridor. The apartment has three terraces, and there is a shared terrace on the floor with an area of 12 sq m. The eastern aspect provides good natural light throughout the day. The property is in need of full renovation, offering the opportunity for individual redesign according to the future owner's preferences. The location is convenient, close to the Sea Garden, sports school, kindergarten, and large supermarkets.

With 20% down over 20 years the monthly mortgage payment is about 1,105 €, against an expected local rent of 810 €. The rent covers 73% of it.

The asking price has fallen by 10,000 € (3.9%) since it was first listed.

Source: Market statistics for 3-room apartments in Chaika

Pros and cons

AI summary
Pros
  • functional layout
  • close to Sea Garden
  • three terraces
  • good natural light
Cons
  • in need of full 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 19% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 241 days.

  3. Is there still room to negotiate?

    Because: The price has been cut once, by about 4%.

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

    Because: The building dates from 1970 — about 56 years old.

  5. Is there enough daylight during the day?

    Because: The advertised exposure has no southern side.

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

Layout

  • living room
  • kitchen
  • bedroom
  • bedroom
  • bathroom
  • toilet
  • storage room
  • corridor
  • terrace
  • terrace
  • terrace
  • basement

Amenities

  • Elevator
  • Access Control

Exposure

AI summary
EEast

Morning sun, cooler afternoons

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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