−20% below market
median 2,770 €/m² for comparable properties
199,900 € 2,221 €/m²
Rent covers ~ 75% of the payment
~ 662 €/mo rent · you top up ~ 225 €/mo
Sale219,000 €2,329 €/m²
Expected rent658 € /mo
~41,500 € BELOW MARKET
good value
against the median for apartments in Zavod Drujba (18 properties)
Area
94 m²
Floor
5 / 5
Construction
Brick
Year
2006
Yield analysis
Low investment rating
Monthly payment972 €20% down payment · 20 yrs · 3%
Expected rent658 €at market conditions for the neighbourhood
The rent covers 68% of the payment — you top up about 314 €/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.
Price history
1 change since listing▼ 8.4% · 20,000 €
- 239,000 €
- 219,000 €▼ 20,000 € (8.4%)
Property analysis
This apartment is priced about 41,500 € below the typical price (the median) for apartments in Zavod Drujba (18 properties) — 2,329 €/m² against 2,770 €/m².
The presented property is a three-room apartment with an area of 94 sq m, located in Varna city, Zavod Druzhba district. The layout includes a large living area, two bedrooms, and two terraces, providing convenient functionality. The building is brick, built in 2006, with an elevator and well-maintained common areas. The apartment is on the top, fifth floor, which may affect access but offers better views and light. The location is close to Cherno More Stadium and offers the possibility to purchase a garage in the same building. The property is suitable both for living and as an investment for rental purposes.
With 20% down over 20 years the monthly mortgage payment is about 972 €, against an expected local rent of 658 €. The rent covers 68% of it.
The asking price has fallen by 20,000 € (8.4%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- elevator
- garage possibility
Cons
- top floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 16% below the average for comparable properties.
Is there still room to negotiate?
Because: The price has been cut once, by about 8%.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living area
- bedroom
- bedroom
Amenities
- Elevator
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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