+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
Sale249,000 €2,327 €/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
Brick
Year
1980
Yield analysis
Fair investment rating
Monthly payment1,105 €20% down payment · 20 yrs · 3%
Expected rent1,027 €at market conditions for the neighbourhood
The rent covers 93% of the payment — you top up about 78 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 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) — 2,327 €/m² against 2,436 €/m².
Four-room apartment with an area of 107 sq m, located in the Chayka district, Varna. The property is on the 5th floor of 12 in a brick building with an elevator.
The layout includes a spacious living room, separate kitchen, two separate bedrooms, bathroom, separate toilet, storage room and three terraces. The property also has a basement storage room for additional storage.
The building dates from 1980, with brick construction and maintained common areas. The apartment is in need of full renovation, which allows for interior customization.
The area is green and offers convenient access to schools, kindergartens, transport and park zones.
The property is suitable for family living with potential for investment and future income.
With 20% down over 20 years the monthly mortgage payment is about 1,105 €, against an expected local rent of 1,027 €. The rent covers 93% of it.
Pros and cons
AI summaryPros
- functional layout
- three terraces
- elevator
- close to schools and parks
Cons
- in need of full renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
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
- living room
- kitchen
- bedroom
- bedroom
- bathroom
- toilet
- storage room
- corridor
- terrace
- terrace
- terrace
Amenities
- Elevator
Exposure
AI summaryEEast
Morning sun, cooler afternoons
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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