+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
Sale230,000 €2,500 €/m²
Expected rent1,001 € /mo
AT MARKET LEVEL
fairly priced
against the median for 4-room apartments in Centyr (102 properties)
Area
92 m²
Floor
4 / 4
Construction
Brick
Year
2003
Yield analysis
Fair investment rating
Monthly payment1,020 €20% down payment · 20 yrs · 3%
Expected rent1,001 €at market conditions for the neighbourhood
The rent covers 98% of the payment — you top up about 19 €/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.
Property analysis
This apartment is priced at the typical price (the median) for 4-room apartments in Centyr (102 properties) — 2,500 €/m² against 2,500 €/m².
The apartment is located in Varna city, Center district, near Cherven Ploshtad. It features four rooms, including a spacious living area and three bedrooms, as well as a terrace. The property is on the top, fourth floor of a brick building from 2003 without an elevator. The apartment is in need of full renovation, with high-quality PVC windows already replaced. It includes a 14 sq m basement and the right to park in an inner courtyard with restricted access. The location provides quick access to key points such as Chataldzha market, Sports Hall, and the Sea Garden. The property is suitable for those seeking a home in the city center with the possibility to personalise through renovation.
With 20% down over 20 years the monthly mortgage payment is about 1,020 €, against an expected local rent of 1,001 €. The rent covers 98% of it.
Pros and cons
AI summaryPros
- functional layout
- southern aspect
- new PVC windows
- parking space in courtyard
Cons
- top floor
- no elevator
- needs full renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 4 and the listing does not mention a lift.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room approx 31 sq m
- bedroom
- bedroom
- bedroom
Exposure
AI summarySSouth
Maximum sunlight throughout the day
Details
- Category
- Residential
- Rooms
- 4
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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