Sale

Three-room apartment with terrace in HEI, Varna

VarnaLevski 1
Published: 7 April 2026 Updated: 2 September 2026
Sale151,000 €2,516 €/m²
Expected rent692 € /mo

~15,000 € BELOW MARKET

good value

against the median for apartments in Levski 1 (18 properties)

Area
60 m²
Floor
5 / 9
Construction
Panel
Year
1980

Yield analysis

Fair investment rating

5.5% / yr
Monthly payment670 €20% down payment · 20 yrs · 3%
Expected rent692 €at market conditions for the neighbourhood

The rent covers 103% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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▼ 3.2% · 5,000 €
  1. 156,000 €10 August 2026Initial price
  2. 156,000 €▲ 0 € (0%) 10 August 2026Price increased
  3. 156,000 €▲ 0 € (0%) 20 August 2026Price increased
  4. 151,000 €▼ 5,000 € (3.2%) 21 August 2026Price reduced
  5. 151,000 €▲ 0 € (0%) 21 August 2026Price increased
  6. 151,000 €▲ 0 € (0%) 21 August 2026Price increasedCurrent

Property analysis

This apartment is priced about 15,000 € below the typical price (the median) for apartments in Levski 1 (18 properties) — 2,516 €/m² against 2,770 €/m².

Three-room apartment in Varna city, HEI district, Tsarevets St 9. The property has a floor area of 60 sq m and is located on the 5th floor of 9 in a prefab panel building with an elevator. The layout includes a living room with terrace, bedroom, separate kitchen, bathroom with toilet, corridor and storage room. The building is prefab panel from 1980, with a well-maintained entrance and access control. The area is urbanized with proximity to schools, kindergartens, shops and public transport. The apartment is suitable for families as it offers conveniences and a functional layout on a middle floor with southwest aspect.

With 20% down over 20 years the monthly mortgage payment is about 670 €, against an expected local rent of 692 €. The rent covers the whole payment (103%).

This property is advertised in 3 offers, all from the same agency. All offers are at the same price. It has been listed for 178 days. The asking price has fallen by 5,000 € (3.2%) since it was first listed.

Source: Market statistics for apartments in Levski 1

Pros and cons

AI summary
Pros
  • three separate rooms
  • southwest aspect
  • elevator
  • well-established area
Cons
  • prefab panel construction

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Is there still room to negotiate?

    Because: The price has been cut once, by about 3%.

  2. Who am I negotiating with, and who is authorised to agree a price?

    Because: The property appears in 3 listings at the same price.

  3. 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.

  4. Has the block been insulated under the renovation programme, and is there paperwork for it?

    Because: Prefabricated panel construction.

  5. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1980 — about 46 years old.

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
  • kitchen

Amenities

  • Elevator
  • Access Control
  • Needs Renovation

Details

Category
Residential
Rooms
3
Bathrooms
1
Furnishing
Yes

Location

Similar properties nearby