Sale

Three-room apartment with large terrace in Varna, VINS-Cherven Ploshtad

VarnaVins-Cherven Ploshtad
Published: 5 January 2026 Updated: 23 September 2026
Sale280,000 €2,333 €/m²
Expected rent834 € /mo

~50,000 € BELOW MARKET

good value

against the median for 3-room apartments in Vins-Cherven Ploshtad (25 properties)

Area
120 m²
Floor
1 / 8
Construction
Brick
Year
1980

Yield analysis

Low investment rating

3.6% / yr
Monthly payment1,242 €20% down payment · 20 yrs · 3%
Expected rent834 €at market conditions for the neighbourhood

The rent covers 67% of the payment — you top up about 408 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 28 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 50,000 € below the typical price (the median) for 3-room apartments in Vins-Cherven Ploshtad (25 properties) — 2,333 €/m² against 2,750 €/m².

Three-room apartment in Varna, VINS-Cherven Ploshtad district, located on the first floor of an eight-storey building.

The layout includes a large living room with access to a terrace, separate kitchen, two bedrooms, one with a walk-in closet, and two bathrooms. The corridor is L-shaped, which improves the functionality of the apartment.

The property was built of brick in 1980 and needs renovation. The property includes an adjacent basement. The aspect is east-west, and the building's first floor is elevated above the ground floor.

The location is close to the Sea Garden and the pedestrian zone of Knyaz Boris I Blvd, on a quiet street with convenient access to city amenities.

The property is suitable for those looking for a spacious apartment with renovation potential in central Varna.

With 20% down over 20 years the monthly mortgage payment is about 1,242 €, against an expected local rent of 834 €. The rent covers 67% of it.

Source: Market statistics for 3-room apartments in Vins-Cherven Ploshtad

Pros and cons

AI summary
Pros
  • functional layout
  • large terrace
  • east-west aspect
  • close to Sea Garden
Cons
  • needs 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. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 15% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 271 days.

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

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

  4. Is there damp, is there enough daylight, and what is the noise like?

    Because: The property is on the first floor.

  5. Is there enough daylight during the day?

    Because: The advertised exposure has no southern side.

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

Exposure

AI summary
EEast

Morning sun, cooler afternoons

WWest

Afternoon and evening sun

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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