At market level
median 1,897 €/m² for comparable properties
220,000 € 2,037 €/m²
Rent covers ~ 58% of the payment
~ 567 €/mo rent · you top up ~ 409 €/mo
Sale184,000 €1,936 €/m²
Expected rent567 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Cveten Kvartal (122 properties)
Area
95 m²
Floor
7 / 8
Construction
Brick
Year
2005
Yield analysis
Low investment rating
Monthly payment816 €20% down payment · 20 yrs · 3%
Expected rent567 €at market conditions for the neighbourhood
The rent covers 69% of the payment — you top up about 249 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 27 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
5 changes since listing▼ 26.3% · 65,500 €
- 249,500 €
- 235,000 €▼ 14,500 € (5.8%)
- 229,000 €▼ 6,000 € (2.6%)
- 218,900 €▼ 10,100 € (4.4%)
- 195,000 €▼ 23,900 € (10.9%)
- 184,000 €▼ 11,000 € (5.6%)
Property analysis
This apartment is priced at the typical price (the median) for 3-room apartments in Cveten Kvartal (122 properties) — 1,936 €/m² against 1,897 €/m².
Three-room apartment in the city of Varna, in the area of Tsveten kvartal, close to the small market on Roza St.
The layout includes a living room with kitchen area and access to a wide terrace, master bedroom with south-facing terrace, second and third rooms with sloped ceilings, as well as separate bathroom and toilet.
The building is brick from 2005, on the 7th floor of 8 with elevator and controlled access, and the apartment is in need of full renovation.
The location is convenient with proximity to transport, shops and schools, providing easy access to all necessary amenities.
The property is suitable for family residence or investment, offering the possibility for customization according to the needs of the new owner.
With 20% down over 20 years the monthly mortgage payment is about 816 €, against an expected local rent of 567 €. The rent covers 69% of it.
The asking price has fallen by 65,500 € (26.3%) since it was first listed.
Source: Market statistics for 3-room apartments in Cveten Kvartal
Pros and cons
AI summaryPros
- functional layout
- south / east aspect
- brick construction
- elevator
Cons
- in need of full renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 5 times — about 26% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 207 days.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 7 and the listing does not mention a lift.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- master bedroom
- second bedroom
- third room
Exposure
AI summarySSouth
Maximum sunlight throughout the day
EEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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