Sale

Spacious 3-room apartment with yard in the centre of Varna

VarnaFestivalen Kompleks
Published: 1 October 2026 Updated: 1 October 2026
Sale235,000 €2,216 €/m²
Expected rent947 € /mo

~115,000 € BELOW MARKET

good value

against the median for 3-room apartments in Festivalen Kompleks (21 properties)

Area
106 m²
Floor
3 / 3
Construction
Wooden Frame

Yield analysis

Fair investment rating

4.8% / yr
Monthly payment1,043 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood

The rent covers 91% of the payment — you top up about 96 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 21 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 about 115,000 € below the typical price (the median) for 3-room apartments in Festivalen Kompleks (21 properties) — 2,216 €/m² against 3,300 €/m².

The apartment is part of a house in the centre of Varna, Festival Complex district, near Maria Luiza.

The layout includes three rooms with high ceilings and spacious areas, with east, west and south aspects, providing good natural light.

The building is timber-joist construction, built in 1933, with thick solid walls that provide thermal insulation and stability. There are no visible signs of damp.

The property includes an ideal part of a 60 sq m yard, which is rare for a central location and offers the possibility for parking spaces or a relaxation area.

It is suitable for those seeking a spacious residential property with historical value and a convenient city location.

With 20% down over 20 years the monthly mortgage payment is about 1,043 €, against an expected local rent of 947 €. The rent covers 91% of it.

Source: Market statistics for 3-room apartments in Festivalen Kompleks

Pros and cons

AI summary
Pros
  • spacious areas
  • high ceilings
  • yard in centre
  • natural light
Cons
  • top floor
  • timber-joist construction

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 33% below the average for comparable properties.

  2. 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.

Exposure

AI summary
SSouth

Maximum sunlight throughout the day

EEast

Morning sun, cooler afternoons

WWest

Afternoon and evening sun

Details

Category
Residential
Rooms
3

Approximate location

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

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