Sale

Three-room apartment with two terraces in Chayka district, Varna

VarnaChaika
Published: 9 June 2026 Updated: 5 September 2026
Sale219,000 €2,607 €/m²
Expected rent815 € /mo

~20,500 € BELOW MARKET

good value

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

Area
84 m²
Floor
5 / 5
Construction
Brick
Year
1990

Yield analysis

Fair investment rating

4.5% / yr
Monthly payment972 €20% down payment · 20 yrs · 3%
Expected rent815 €at market conditions for the neighbourhood

The rent covers 84% of the payment — you top up about 157 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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▼ 14.1% · 35,900 €
  1. 254,900 €9 June 2026Initial price
  2. 219,000 €▼ 35,900 € (14.1%) 7 July 2026Price reducedCurrent

Property analysis

This apartment is priced about 20,500 € below the typical price (the median) for 3-room apartments in Chaika (79 properties) — 2,607 €/m² against 2,854 €/m².

Three-room apartment in the city of Varna, Chayka district, located on the top floor of a brick building from 1990 with an elevator.

The property includes a kitchen with dining area, living room, two bedrooms, bathroom, toilet, corridor and two terraces, with the possibility to convert into a living room with kitchen and three bedrooms.

The building is brick, with an elevator and secured parking, but the apartment needs renovation.

The area is preferred due to its proximity to the Sea Garden, the sea, green spaces, as well as conveniences such as shops, market and bus stops.

The property is suitable for people looking for a home with potential near the sea and greenery but requires investment in renovation.

With 20% down over 20 years the monthly mortgage payment is about 972 €, against an expected local rent of 815 €. The rent covers 84% of it.

The asking price has fallen by 35,900 € (14.1%) since it was first listed.

Source: Market statistics for 3-room apartments in Chaika

Pros and cons

AI summary
Pros
  • two terraces
  • elevator
  • parking
  • close to the sea
Cons
  • needs renovation
  • top floor

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Is there still room to negotiate?

    Because: The price has been cut once, by about 14%.

  2. What is the scope of the work, and are there hidden problems with the wiring or plumbing?

    Because: The listing states that the property needs renovation.

  3. What condition is the roof in, and does it overheat in summer?

    Because: The property is on the top floor.

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

Layout

  • kitchen
  • dining area
  • living room
  • bedroom
  • bedroom

Amenities

  • Elevator
  • With Parking
  • Internet Connection
  • Video Surveillance
  • Access Control
  • Needs Renovation

Details

Category
Residential
Rooms
3
Bathrooms
2
Furnishing
Yes

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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