Sale

Three-room apartment in Mladost 1 above Ice Rink

VarnaMladost 1
Published: 4 August 2026 Updated: 21 September 2026
Sale105,000 €1,721 €/m²
Expected rent517 € /mo

AT MARKET LEVEL

fairly priced

against the median for 2-room apartments in Mladost 1 (202 properties)

Area
61 m²
Floor
1 / 8
Construction
Panel

Yield analysis

Fair investment rating

5.9% / yr
Monthly payment466 €20% down payment · 20 yrs · 3%
Expected rent517 €at market conditions for the neighbourhood

The rent covers 111% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▼ 10.3% · 12,000 €
  1. 117,000 €4 August 2026Initial price
  2. 115,000 €▼ 2,000 € (1.7%) 21 August 2026Price reduced
  3. 110,000 €▼ 5,000 € (4.3%) 18 September 2026Price reduced
  4. 105,000 €▼ 5,000 € (4.5%) 21 September 2026Price reducedCurrent

Property analysis

This apartment is priced at the typical price (the median) for 2-room apartments in Mladost 1 (202 properties) — 1,721 €/m² against 1,658 €/m².

Three-room apartment in the city of Varna, Mladost 1 district, located above the Ice Rink. The property has a floor area of 61 sq m and is situated on the first floor of an eight-storey prefab panel block.

The layout includes a corridor, kitchen with terrace, bedroom, living room with terrace, bathroom, toilet and storage room, with all rooms being separate.

The building is prefab panel construction with an elevator and maintained entrance, but the apartment is in need of full renovation.

The location is convenient with proximity to public transport stops, schools, kindergartens, hospitals and commercial outlets.

The property is suitable for people looking for a home in an urban environment with the possibility to renovate according to personal preferences.

With 20% down over 20 years the monthly mortgage payment is about 466 €, against an expected local rent of 517 €. The rent covers the whole payment (111%).

The asking price has fallen by 12,000 € (10.3%) since it was first listed.

Source: Market statistics for 2-room apartments in Mladost 1

Pros and cons

AI summary
Pros
  • functional layout
  • elevator
  • close to transport
  • two terraces
Cons
  • in need of full renovation
  • ground floor

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, and why has it not sold yet?

    Because: The price has been cut 3 times — about 10% below the original asking price.

  2. 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.

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

    Because: Prefabricated panel construction.

  4. 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

  • bedroom
  • living room
  • kitchen

Amenities

  • Elevator
  • Needs Renovation

Details

Category
Residential
Rooms
3
Bathrooms
2

Approximate location

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

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