+42% above market
median 2,001 €/m² for comparable properties
375,000 € 2,840 €/m²
Rent covers ~ 71% of the payment
~ 1,187 €/mo rent · you top up ~ 477 €/mo
Sale345,000 €1,796 €/m²
Expected rent1,187 € /mo
~39,000 € BELOW MARKET
good value
against the median for 3-room apartments in Sveti Nikola (32 properties)
Area
192 m²
Floor
0 / 5
Construction
Brick
Year
2020
Yield analysis
Fair investment rating
Monthly payment1,531 €20% down payment · 20 yrs · 3%
Expected rent1,187 €at market conditions for the neighbourhood
The rent covers 78% of the payment — you top up about 344 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 39,000 € below the typical price (the median) for 3-room apartments in Sveti Nikola (32 properties) — 1,796 €/m² against 2,001 €/m².
Three-room apartment in Varna city, Sveti Nikola district, part of the Varna View residential complex.
The layout includes a large living room of 38 sq m, two bedrooms measuring 21 and 22 sq m, three bathrooms, two terraces, and an entrance hall of 10 sq m.
The building was constructed in 2020 with brick construction, has an elevator, and holds Act 16. The apartment is offered in shell condition, allowing for finishing according to a personal project.
The complex features controlled access, green areas, playgrounds, and a swimming pool, with quick access to Varna city center.
Suitable for families seeking a spacious and functional home in a gated and maintained environment.
With 20% down over 20 years the monthly mortgage payment is about 1,531 €, against an expected local rent of 1,187 €. The rent covers 78% of it.
Source: Market statistics for 3-room apartments in Sveti Nikola
Pros and cons
AI summaryPros
- functional layout
- two terraces
- new-build
- elevator
Cons
- ground floor
- in need of finishing
Layout
- living room - 38 sq m
- bedroom - 21 sq m
- bedroom - 22 sq m
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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