+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
Sale2,000,000 €4,796 €/m²
Expected rent1,027 € /mo
~984,000 € ABOVE MARKET
overpriced
against the median for 4-room apartments in Chaika (43 properties)
Area
417 m²
Floor
17 / 17
Construction
Brick
Year
2023
Yield analysis
Low investment rating
Monthly payment8,874 €20% down payment · 20 yrs · 3%
Expected rent1,027 €at market conditions for the neighbourhood
The rent covers 12% of the payment — you top up about 7,847 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 162 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 984,000 € above the typical price (the median) for 4-room apartments in Chaika (43 properties) — 4,796 €/m² against 2,436 €/m².
Large apartment with an area of 417 sq m, located on the top 17th floor in the district of Chaika, Varna. The property is part of a building constructed in 2023 with brick construction.
The layout includes a representative living room with kitchen area, three bedrooms each with separate bathrooms, a bathroom adjacent to the living area, and a wide corridor. The apartment features a panoramic terrace with a 360-degree view.
The building is equipped with an elevator with chip access, video surveillance, access control, and two underground parking spaces. The ceiling height is 3.40 m, and the apartment has an installed water purification and softening system.
The location offers quick access to the city center and the Sea Garden, with the area having an established status and amenities.
The property is suitable for those seeking a spacious and functional home with a good location and panoramic views of the sea and city.
With 20% down over 20 years the monthly mortgage payment is about 8,874 €, against an expected local rent of 1,027 €. The rent covers 12% of it.
Pros and cons
AI summaryPros
- panoramic terrace
- high ceilings
- two parking spaces
- new-build
Cons
- top floor
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.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- bedroom
- bedroom
Amenities
- Elevator
- With Parking
- Video Surveillance
- Access Control
- Renovated
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 4
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 2,944 €/m² for comparable properties
214,900 € 2,943 €/m²
Rent covers ~ 76% of the payment
~ 720 €/mo rent · you top up ~ 233 €/mo
+42% above market
median 2,944 €/m² for comparable properties
187,500 € 4,166 €/m²
Rent covers ~ 87% of the payment
~ 720 €/mo rent · you top up ~ 112 €/mo
−40% below market
median 2,944 €/m² for comparable properties
118,500 € 1,768 €/m²
Rent covers ~ 137% of the payment
~ 720 €/mo rent · pays for itself in ~ 14 yrs
At market level
median 2,854 €/m² for comparable properties
183,900 € 2,829 €/m²
Rent covers ~ 100% of the payment
~ 815 €/mo rent · pays for itself in ~ 19 yrs
−18% below market
median 2,854 €/m² for comparable properties
228,990 € 2,336 €/m²
Rent covers ~ 80% of the payment
~ 815 €/mo rent · you top up ~ 201 €/mo
At market level
median 2,854 €/m² for comparable properties
184,900 € 2,844 €/m²
Rent covers ~ 99% of the payment
~ 815 €/mo rent · you top up ~ 5 €/mo
+44% above market
median 2,436 €/m² for comparable properties
369,000 € 3,514 €/m²
Rent covers ~ 63% of the payment
~ 1,027 €/mo rent · you top up ~ 610 €/mo