+31% above market
median 1,975 €/m² for comparable properties
225,000 € 2,586 €/m²
Rent covers ~ 69% of the payment
~ 691 €/mo rent · you top up ~ 307 €/mo
Sale259,000 €2,420 €/m²
Expected rent1,027 € /mo
AT MARKET LEVEL
fairly priced
against the median for 4-room apartments in Chaika (43 properties)
Area
107 m²
Floor
5 / 12
Construction
EPC
Yield analysis
Fair investment rating
Monthly payment1,149 €20% down payment · 20 yrs · 3%
Expected rent1,027 €at market conditions for the neighbourhood
The rent covers 89% of the payment — you top up about 122 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 21 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 Chaika (43 properties) — 2,420 €/m² against 2,436 €/m².
Four-room apartment in Varna city, Chayka district, located on the 5th floor of a 12-storey building.
The layout includes living room, kitchen, two bedrooms, three terraces, bathroom, toilet, storage room and L-shaped corridor, providing separate and functional spaces.
The building is energy-efficient (EPC), but the apartment requires full renovation, implying additional investment.
The location is convenient, close to major boulevards, kindergartens, schools, universities, shops and the Sea Garden, facilitating daily life.
The property is suitable for families seeking a spacious home with the possibility to customize through renovation.
With 20% down over 20 years the monthly mortgage payment is about 1,149 €, against an expected local rent of 1,027 €. The rent covers 89% of it.
Pros and cons
AI summaryPros
- spacious layout
- three terraces
- close to Sea Garden
Cons
- requires full renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 213 days.
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.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 5 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
- kitchen
- bedroom
- bedroom
Amenities
- Needs Renovation
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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