Sale

Three-room apartment with two terraces in Chaika, Varna

VarnaChaika
Published: 8 June 2026 Updated: 5 September 2026
Sale190,000 €2,111 €/m²
Expected rent659 € /mo

~28,000 € BELOW MARKET

good value

against the median for 3-room apartments in Chaika (26 properties)

Area
90 m²
Floor
2 / 4
Construction
Brick
Year
1970

Yield analysis

Fair investment rating

4.2% / yr
Monthly payment843 €20% down payment · 20 yrs · 3%
Expected rent659 €at market conditions for the neighbourhood

The rent covers 78% of the payment — you top up about 184 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▼ 1.6% · 3,000 €
  1. 193,000 €8 June 2026Initial price
  2. 195,000 €▲ 2,000 € (1%) 8 July 2026Price increased
  3. 193,000 €▼ 2,000 € (1%) 22 July 2026Price reduced
  4. 190,000 €▼ 3,000 € (1.6%) 5 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 28,000 € below the typical price (the median) for 3-room apartments in Chaika (26 properties) — 2,111 €/m² against 2,425 €/m².

Three-room apartment in Varna city, Chaika district, located on the second floor of a four-storey brick building. The layout includes a spacious living room, separate kitchen with a shared terrace, two bedrooms, bathroom, toilet, storage room and basement. There is potential to convert it into three bedrooms with a living area. The building is of old brick construction, and the apartment is unfurnished and requires renovation. The aspect is east-south-west, providing good natural light. The location is close to Levski Bazaar, Technical University and Naval Academy, making it convenient both for living and for renting out. The property is suitable for people looking for a home with actual floor area and a good location in the city.

With 20% down over 20 years the monthly mortgage payment is about 843 €, against an expected local rent of 659 €. The rent covers 78% of it.

The asking price has fallen by 3,000 € (1.6%) since it was first listed.

Source: Market statistics for 3-room apartments in Chaika

Pros and cons

AI summary
Pros
  • actual floor area
  • two terraces
  • east-south-west aspect
  • brick construction
Cons
  • requires 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 13% below the average for comparable properties.

  2. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 2 times — about 2% below the original asking price.

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

    Because: The building dates from 1970 — about 56 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 room
  • kitchen
  • bedroom
  • bedroom
  • bathroom
  • toilet

Exposure

AI summary
SSouth

Maximum sunlight throughout the day

EEast

Morning sun, cooler afternoons

WWest

Afternoon and evening sun

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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