No market valuation
315,000 € 3,000 €/m²
No yield data
Appears once there's enough market data
Sale300,000 €2,752 €/m²
Expected rent932 € /mo
~97,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Alen Mak (122 properties)
Area
109 m²
Floor
3 / 7
Construction
Brick
Year
2018
Yield analysis
Low investment rating
Monthly payment1,331 €20% down payment · 20 yrs · 3%
Expected rent932 €at market conditions for the neighbourhood
The rent covers 70% of the payment — you top up about 399 €/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.
Property analysis
This apartment is priced about 97,500 € above the typical price (the median) for 3-room apartments in Alen Mak (122 properties) — 2,752 €/m² against 1,858 €/m².
Three-room apartment with an area of 109 sq m, located on the 3rd floor of 7 in Elegance Residence complex in m-t Alen mak, Varna. The property includes a corridor, living room with kitchenette, two bedrooms, bathroom with toilet, and storage room. The layout is functional with two separate terraces providing additional space and opportunity for outdoor relaxation. The building was constructed in 2018 with brick construction and features an elevator and controlled access. The complex offers a shared pool, parking, and landscaped yard with barbecue area. The location is on a hill near Kabakum beach and Sunny Day resort, providing a peaceful environment and sea view. The property is suitable for those seeking comfort in a gated complex with amenities and proximity to nature.
With 20% down over 20 years the monthly mortgage payment is about 1,331 €, against an expected local rent of 932 €. The rent covers 70% of it.
Pros and cons
AI summaryPros
- functional layout
- southwest aspect
- gated complex
- pool and parking
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- corridor
- living room
- bedroom
- bedroom
- bathroom
Amenities
- Elevator
- With Parking
- Access Control
- Gated Community
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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