−19% below market
median 2,743 €/m² for comparable properties
229,500 € 2,295 €/m²
Rent covers ~ 82% of the payment
~ 834 €/mo rent · you top up ~ 184 €/mo
Sale265,000 €3,312 €/m²
Expected rent834 € /mo
~45,000 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Vins-Cherven Ploshtad (25 properties)
Area
80 m²
Floor
4 / 5
Construction
Brick
Year
2008
Yield analysis
Low investment rating
Monthly payment1,176 €20% down payment · 20 yrs · 3%
Expected rent834 €at market conditions for the neighbourhood
The rent covers 71% of the payment — you top up about 342 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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 45,000 € above the typical price (the median) for 3-room apartments in Vins-Cherven Ploshtad (25 properties) — 3,312 €/m² against 2,750 €/m².
This is a three-room apartment with an area of 80 sq m in Varna, VINS-Cherven Ploshtad district. It features a functional layout, including a spacious living room with a kitchen niche and dining area, two separate bedrooms, and a laundry room. The apartment is in a brick building from 2008, on the 4th of 5 floors, with an elevator and controlled access. There are two balconies and a basement storage room. The location is near VINS, in a central urban area with convenient access to infrastructure. The property is suitable for personal use or investment with rental potential.
With 20% down over 20 years the monthly mortgage payment is about 1,176 €, against an expected local rent of 834 €. The rent covers 71% of it.
Source: Market statistics for 3-room apartments in Vins-Cherven Ploshtad
Pros and cons
AI summaryPros
- functional layout
- elevator
- two balconies
- central location
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- bedroom
- bedroom
Amenities
- Elevator
- Internet Connection
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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