+43% above market
median 2,500 €/m² for comparable properties
412,000 € 3,582 €/m²
Rent covers ~ 55% of the payment
~ 1,001 €/mo rent · you top up ~ 827 €/mo
Sale330,000 €2,000 €/m²
Expected rent1,001 € /mo
~82,500 € BELOW MARKET
good value
against the median for 4-room apartments in Centyr (102 properties)
Area
165 m²
Floor
3 / 3
Construction
Brick
Year
1920
Yield analysis
Low investment rating
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent1,001 €at market conditions for the neighbourhood
The rent covers 68% of the payment — you top up about 463 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 27 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 82,500 € below the typical price (the median) for 4-room apartments in Centyr (102 properties) — 2,000 €/m² against 2,500 €/m².
The apartment is located on the third floor of a building from 1920 in the Center of Varna. The property covers 165 sq m and includes four rooms, a bathroom, a toilet, and one balcony.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 1,001 €. The rent covers 68% of it.
Pros and cons
AI summaryPros
- functional layout
- yard with building rights
- approved restoration project
Cons
- in need of full renovation
- top floor
- no elevator
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 20% below the average for comparable properties.
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.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1920 — about 106 years old.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
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
- corridor
- room
- room
- room
- room
Amenities
- Needs Renovation
Exposure
AI summaryNNorth
Even light, cooler during summer
EEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 1
Location
Similar properties nearby
At market level
median 2,500 €/m² for comparable properties
260,000 € 2,549 €/m²
Rent covers ~ 87% of the payment
~ 1,001 €/mo rent · you top up ~ 153 €/mo
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median 2,700 €/m² for comparable properties
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Rent covers ~ 55% of the payment
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Rent covers ~ 90% of the payment
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median 2,500 €/m² for comparable properties
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Rent covers ~ 65% of the payment
~ 1,001 €/mo rent · you top up ~ 530 €/mo
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median 2,808 €/m² for comparable properties
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Rent covers ~ 88% of the payment
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+57% above market
median 2,808 €/m² for comparable properties
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Rent covers ~ 30% of the payment
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At market level
median 2,700 €/m² for comparable properties
155,000 € 2,870 €/m²
Rent covers ~ 88% of the payment
~ 608 €/mo rent · you top up ~ 80 €/mo