median 1,960 €/m² for comparable properties
Rent covers ~ 66% of the payment
~ 484 €/mo rent · you top up ~ 248 €/mo
~19,500 € ABOVE MARKET
above market
against the median for 3-room apartments in Cveten Kvartal (120 properties)
Low investment rating
The rent covers 73% of the payment — you top up about 209 €/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.
This apartment is priced about 19,500 € above the typical price (the median) for 3-room apartments in Cveten Kvartal (120 properties) — 2,132 €/m² against 1,897 €/m².
Three-room apartment in Varna city, Tsveten kvartal district, located on the 6th floor of 8 in a prefab panel building with elevator.
The layout includes an entrance hall, kitchen with access to a terrace, living room and bedroom with access to a shared terrace, second bedroom, bathroom and toilet, with no walk-through rooms ensuring privacy.
The building was constructed in 1970, prefab panel construction, the apartment is cleaned and prepared for renovation, allowing various remodeling options.
The area is well developed with convenient access to public transport, shops, schools and kindergartens.
The property is suitable for families seeking functional layout and amenities in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 776 €, against an expected local rent of 567 €. The rent covers 73% of it.
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 145 days. The asking price has fallen by 9,600 € (5.2%) since it was first listed.
Source: Market statistics for 3-room apartments in Cveten Kvartal
Derived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate?
Because: The price has been cut once, by about 5%.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 2 listings at the same price.
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.
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 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.
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,960 €/m² for comparable properties
Rent covers ~ 66% of the payment
~ 484 €/mo rent · you top up ~ 248 €/mo
median 1,911 €/m² for comparable properties
Rent covers ~ 153% of the payment
~ 509 €/mo rent · pays for itself in ~ 12 yrs
median 1,897 €/m² for comparable properties
Rent covers ~ 73% of the payment
~ 567 €/mo rent · you top up ~ 209 €/mo
median 1,897 €/m² for comparable properties
Rent covers ~ 69% of the payment
~ 567 €/mo rent · you top up ~ 254 €/mo
median 2,052 €/m² for comparable properties
Rent covers ~ 79% of the payment
~ 685 €/mo rent · you top up ~ 180 €/mo
median 1,960 €/m² for comparable properties
Rent covers ~ 95% of the payment
~ 484 €/mo rent · you top up ~ 26 €/mo
median 1,897 €/m² for comparable properties
Rent covers ~ 74% of the payment
~ 567 €/mo rent · you top up ~ 200 €/mo
median 1,662 €/m² for comparable properties
Rent covers ~ 124% of the payment
~ 485 €/mo rent · pays for itself in ~ 15 yrs