Sale

Spacious 4-room apartment in Chaika with three terraces

VarnaChaika
Published: 1 June 2026 Updated: 3 September 2026
Sale229,000 €1,832 €/m²
Expected rent1,027 € /mo

~75,500 € BELOW MARKET

good value

against the median for 4-room apartments in Chaika (43 properties)

Area
125 m²
Floor
4 / 5
Construction
Brick
Year
1960

Yield analysis

Fair investment rating

5.4% / yr
Monthly payment1,016 €20% down payment · 20 yrs · 3%
Expected rent1,027 €at market conditions for the neighbourhood

The rent covers 101% of the payment — the tenant pays off the loan over 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 about 75,500 € below the typical price (the median) for 4-room apartments in Chaika (43 properties) — 1,832 €/m² against 2,436 €/m².

The apartment is located in the city of Varna, Chaika district, on the 4th floor of a 5-storey brick building. The layout includes an entrance hall, corridor, spacious living room, large master bedroom, second bedroom, dining area with kitchen section, bathroom and separate toilet. The property has three terraces and a basement storage room. The building dates from 1960, without an elevator, and the apartment requires renovation and updating. The location is convenient, close to schools, kindergartens, shops and public transport, with the sea garden and beach within walking distance. The property is suitable for family living with the possibility to personalise the interior.

With 20% down over 20 years the monthly mortgage payment is about 1,016 €, against an expected local rent of 1,027 €. The rent covers the whole payment (101%).

Source: Market statistics for 4-room apartments in Chaika

Pros and cons

AI summary
Pros
  • functional layout
  • three terraces
  • close to schools
  • walking distance to sea
Cons
  • needs renovation
  • no elevator

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 25% below the average for comparable properties.

  2. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1960 — about 66 years old.

  3. 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

  • entrance hall
  • corridor
  • living room
  • bedroom
  • bedroom
  • dining area
  • bathroom
  • toilet
  • terrace
  • terrace
  • terrace

Details

Category
Residential
Rooms
4
Bathrooms
2

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

Similar properties nearby