At market level
median 3,462 €/m² for comparable properties
239,000 € 3,414 €/m²
Rent covers ~ 89% of the payment
~ 947 €/mo rent · you top up ~ 113 €/mo
Sale330,000 €3,300 €/m²
Expected rent947 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Festivalen Kompleks (21 properties)
Area
100 m²
Floor
1 / 4
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 65% of the payment — you top up about 517 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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 at the typical price (the median) for 3-room apartments in Festivalen Kompleks (21 properties) — 3,300 €/m² against 3,300 €/m².
3-room apartment in Varna city, Festival Complex district, near the Music School. The property is on the ground floor of a four-storey building.
The layout includes a spacious living room, two bedrooms, separate kitchen, bathroom with toilet, corridor and winter terrace with direct street access. The presence of two independent entrances allows flexible use of the space.
The building is brick, insulated and with renovated common areas. Heating and cooling are provided by air conditioners in all rooms, and the air purification system enhances comfort.
The location is in a quiet and peaceful area with good transport links and easy access to the Sea Garden and the city centre.
The property is suitable both for residential use and for office or investment purposes, thanks to the two entrances and convenient location.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 947 €. The rent covers 65% of it.
Source: Market statistics for 3-room apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- two independent entrances
- insulated and air-conditioned
- quiet area with good transport
Cons
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- bedroom
- kitchen
- corridor
- terrace
Amenities
- Video Surveillance
- Access Control
- Renovated
- Tax Credit Option
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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median 3,300 €/m² for comparable properties
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Rent covers ~ 65% of the payment
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