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
Sale348,000 €2,900 €/m²
Expected rent947 € /mo
~48,000 € BELOW MARKET
good value
against the median for 3-room apartments in Festivalen Kompleks (21 properties)
Area
120 m²
Floor
3 / 4
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,544 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 61% of the payment — you top up about 597 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 31 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 48,000 € below the typical price (the median) for 3-room apartments in Festivalen Kompleks (21 properties) — 2,900 €/m² against 3,300 €/m².
The offered property is a three-room apartment with an area of 120 sq m, located in Varna, Festival Complex district. The layout includes a spacious living room, separate kitchen, two bedrooms, bathroom with toilet, and a terrace, providing functional and convenient use. The apartment is situated on the third floor of a four-storey brick building with high ceilings and a solid structure. The location is central, close to the Sea Garden, Festival Complex, and main city amenities, making the property suitable both for living and investment. Overall, the property offers a balance between comfort, functionality, and a good urban environment.
With 20% down over 20 years the monthly mortgage payment is about 1,544 €, against an expected local rent of 947 €. The rent covers 61% of it.
Source: Market statistics for 3-room apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- brick construction
- terrace
- central location
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 12% below the average for comparable properties.
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
- terrace
Amenities
- Access Control
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.
Similar properties nearby
At market level
median 3,300 €/m² for comparable properties
330,000 € 3,300 €/m²
Rent covers ~ 65% of the payment
~ 947 €/mo rent · you top up ~ 517 €/mo
+50% above market
median 3,300 €/m² for comparable properties
405,900 € 4,950 €/m²
Rent covers ~ 53% of the payment
~ 947 €/mo rent · you top up ~ 854 €/mo
+18% above market
median 3,300 €/m² for comparable properties
534,000 € 3,897 €/m²
Rent covers ~ 40% of the payment
~ 947 €/mo rent · you top up ~ 1,422 €/mo
−33% below market
median 3,300 €/m² for comparable properties
235,000 € 2,216 €/m²
Rent covers ~ 91% of the payment
~ 947 €/mo rent · you top up ~ 96 €/mo
At market level
median 3,300 €/m² for comparable properties
330,000 € 3,300 €/m²
Rent covers ~ 65% of the payment
~ 947 €/mo rent · you top up ~ 517 €/mo
−24% below market
median 3,300 €/m² for comparable properties
249,900 € 2,499 €/m²
Rent covers ~ 85% of the payment
~ 947 €/mo rent · you top up ~ 162 €/mo
+52% above market
median 3,462 €/m² for comparable properties
630,000 € 5,250 €/m²
Rent covers ~ 34% of the payment
~ 947 €/mo rent · you top up ~ 1,848 €/mo