Sale

Spacious 4-room apartment in Varna, Festival Complex

VarnaFestivalen Kompleks
Published: 8 April 2026 Updated: 21 September 2026
Sale249,900 €2,499 €/m²
Expected rent947 € /mo

~80,000 € BELOW MARKET

good value

against the median for 3-room apartments in Festivalen Kompleks (21 properties)

Area
100 m²
Floor
3 / 6
Construction
Brick

Yield analysis

Fair investment rating

4.5% / yr
Monthly payment1,109 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood

The rent covers 85% of the payment — you top up about 162 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▼ 16.4% · 49,100 €
  1. 299,000 €8 April 2026Initial price
  2. 295,000 €▼ 4,000 € (1.3%) 8 April 2026Price reduced
  3. 269,500 €▼ 25,500 € (8.6%) 6 May 2026Price reduced
  4. 249,900 €▼ 19,600 € (7.3%) 2 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 80,000 € below the typical price (the median) for 3-room apartments in Festivalen Kompleks (21 properties) — 2,499 €/m² against 3,300 €/m².

The offered property is a 4-room apartment with an area of 100 sq m, located in Varna, Festival Complex district. The layout includes a bright living area, three separate bedrooms, kitchen with dining area, bathroom, separate WC, and two terraces. The apartment is situated on the 3rd floor of 6 in a brick building with an elevator and access control. The building was constructed in 1979 and has basic amenities such as an elevator and a basement storage for the property. The location is well connected, close to schools, kindergartens, stops, and commercial facilities. The property is suitable both for living and investment due to its functional layout and the conveniences in the area.

With 20% down over 20 years the monthly mortgage payment is about 1,109 €, against an expected local rent of 947 €. The rent covers 85% of it.

The asking price has fallen by 49,100 € (16.4%) since it was first listed.

Source: Market statistics for 3-room apartments in Festivalen Kompleks

Pros and cons

AI summary
Pros
  • functional layout
  • elevator
  • two terraces
  • close to schools
Cons

We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.

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 24% below the average for comparable properties.

  2. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 3 times — about 16% below the original asking price.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • living area
  • bedroom
  • bedroom
  • bedroom
  • kitchen
  • dining area

Amenities

  • Elevator
  • Access Control

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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