At market level
median 2,944 €/m² for comparable properties
210,000 € 3,043 €/m²
Rent covers ~ 78% of the payment
~ 723 €/mo rent · you top up ~ 209 €/mo
Sale369,000 €3,514 €/m²
Expected rent1,054 € /mo
~113,000 € ABOVE MARKET
overpriced
against the median for 4-room apartments in Chaika (43 properties)
Area
105 m²
Floor
4 / 5
Construction
Panel
Year
1970
Yield analysis
Low investment rating
Monthly payment1,637 €20% down payment · 20 yrs · 3%
Expected rent1,054 €at market conditions for the neighbourhood
The rent covers 64% of the payment — you top up about 583 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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 113,000 € above the typical price (the median) for 4-room apartments in Chaika (43 properties) — 3,514 €/m² against 2,436 €/m².
The apartment is located in the city of Varna, Chayka district.
The layout includes an entrance hall, kitchen with dining area, living room with dining and lounge sections, three bedrooms, bathroom, separate toilet, laundry room and storage. Two of the bedrooms and the living room have access to a large terrace 11 m long, while the other two rooms open onto a second glazed terrace.
The building is prefab panel from 1970, the apartment is on the 4th of 5 floors and has undergone quality renovation using high-class materials. Heating and other amenities are not specified.
The location is close to the Sea Garden, kindergartens, schools, shops and public transport stops in the district.
The property offers a functional layout and conveniences for family use in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 1,637 €, against an expected local rent of 1,054 €. The rent covers 64% of it.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- close to Sea Garden
Cons
- prefab panel construction
- lack of specified amenities
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
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
- bedroom 20 sq m
- bedroom 12 sq m
- bedroom 12 sq m
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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