+31% above market
median 1,975 €/m² for comparable properties
225,000 € 2,586 €/m²
Rent covers ~ 69% of the payment
~ 692 €/mo rent · you top up ~ 306 €/mo
Sale275,000 €4,230 €/m²
Expected rent810 € /mo
~89,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Chaika (79 properties)
Area
65 m²
Floor
6 / 9
Construction
Panel
Year
1980
Yield analysis
Low investment rating
Monthly payment1,220 €20% down payment · 20 yrs · 3%
Expected rent810 €at market conditions for the neighbourhood
The rent covers 66% of the payment — you top up about 410 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 28 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 89,500 € above the typical price (the median) for 3-room apartments in Chaika (79 properties) — 4,230 €/m² against 2,854 €/m².
Three-room apartment with an area of 65 sq m, located in the district of Chaika, Varna. The property is on the 6th floor of 9 in a prefab panel block with an elevator.
The layout includes an L-shaped corridor, a spacious living room with a lounge and kitchen area, two separate bedrooms, a bathroom with toilet, and two basement rooms of 5 sq m each.
The building was constructed in 1980, with a renovated roof and external insulation. The apartment is fully renovated and furnished with new furniture and appliances.
The district is preferred, close to the Sea Garden, the sea, the city centre, kindergartens, and shops.
The property is suitable for family living or investment, combining convenience and a good location.
With 20% down over 20 years the monthly mortgage payment is about 1,220 €, against an expected local rent of 810 €. The rent covers 66% of it.
Pros and cons
AI summaryPros
- functional layout
- renovated roof
- external insulation
- elevator
Cons
- top floor
- prefab panel construction
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
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
- corridor
- living room
- kitchen
- bedroom
- bedroom
Amenities
- Elevator
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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