Sale

Three-room apartment with two terraces in Varna, VINS-Cherven Ploshtad

VarnaVins-Cherven Ploshtad
Published: 8 September 2026 Updated: 8 September 2026
Sale200,000 €2,500 €/m²
Expected rent834 € /mo

~20,000 € BELOW MARKET

good value

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

Area
80 m²
Floor
3 / 5
Construction
Brick
Year
2000

Yield analysis

Fair investment rating

5% / yr
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent834 €at market conditions for the neighbourhood

The rent covers 94% of the payment — you top up about 53 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 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 20,000 € below the typical price (the median) for 3-room apartments in Vins-Cherven Ploshtad (25 properties) — 2,500 €/m² against 2,750 €/m².

Apartment with three separate rooms, located in the city of Varna, VINS-Cherven Ploshtad district, on Lyuben Karavelov St.

The property has a layout with a spacious living room, separate kitchen, bedroom, bathroom, separate toilet, entrance hall and corridor, as well as two terraces.

The building is brick from 2000, on the third floor of five, without an elevator and the property needs renovation.

The location is close to the Sea Garden and the center of Varna, in a green and quiet area with convenient access to schools, sports halls and public transport.

It is suitable for family housing or long-term investment with the possibility of remodeling according to personal preferences.

With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 834 €. The rent covers 94% of it.

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

Pros and cons

AI summary
Pros
  • two terraces
  • functional layout
  • close to Sea Garden
  • brick construction
Cons
  • needs renovation
  • no elevator

Questions for the viewing

Only on imotesa

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

  1. 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.

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
  • bathroom
  • toilet
  • entrance hall
  • corridor

Amenities

  • Access Control
  • 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.

Similar properties nearby