Sale

Three-room apartment with 3 terraces in Vladislav Varnenchik, Varna

VarnaVladislav Varnenchik 1
Published: 6 June 2026 Updated: 29 September 2026
Sale115,000 €1,885 €/m²
Expected rent500 € /mo

~26,000 € ABOVE MARKET

overpriced

against the median for 3-room apartments in Vladislav Varnenchik 1 (298 properties)

Area
61 m²
Floor
6 / 7
Construction
Panel
Year
1980

Yield analysis

Fair investment rating

5.2% / yr
Monthly payment510 €20% down payment · 20 yrs · 3%
Expected rent500 €at market conditions for the neighbourhood

The rent covers 98% of the payment — you top up about 10 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 19 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

2 changes since listing▼ 10.8% · 13,900 €
  1. 128,900 €9 September 2026Initial price
  2. 122,500 €▼ 6,400 € (5%) 14 September 2026Price reduced
  3. 115,000 €▼ 7,500 € (6.1%) 29 September 2026Price reducedCurrent

Property analysis

This apartment is priced about 26,000 € above the typical price (the median) for 3-room apartments in Vladislav Varnenchik 1 (298 properties) — 1,885 €/m² against 1,463 €/m².

Three-room apartment with an area of 61 sq m, located on the sixth floor in a prefab panel block in the district of Vladislav Varnenchik, Varna.

The layout includes a living room with dining area and kitchen, two bedrooms, three enclosed terraces, and a bathroom with toilet. The corridor is L-shaped with space for a built-in wardrobe or washing machine.

The building is prefab panel from 1980, with replaced windows and updated plumbing installation. The apartment was renovated in 2025 with new flooring and lighting fixtures, and the entrance has controlled access and an elevator.

The location offers convenient access to public transport, educational institutions, playgrounds, and green areas, with free parking available in the area.

The property is suitable for family living with a functional layout and good natural light thanks to the east aspect.

With 20% down over 20 years the monthly mortgage payment is about 510 €, against an expected local rent of 500 €. The rent covers 98% of it.

The asking price has fallen by 13,900 € (10.8%) since it was first listed.

Source: Market statistics for 3-room apartments in Vladislav Varnenchik 1

Pros and cons

AI summary
Pros
  • functional layout
  • enclosed terraces
  • new flooring
  • elevator
Cons
  • prefab panel block
  • sixth 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 2 times — about 11% below the original asking price.

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

    Because: Prefabricated panel construction.

  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 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
  • bedroom
  • bedroom
  • bathroom

Amenities

  • Elevator

Exposure

AI summary
EEast

Morning sun, cooler afternoons

Details

Category
Residential
Rooms
3
Bathrooms
1

Approximate location

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

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