At market level
median 3,462 €/m² for comparable properties
239,000 € 3,414 €/m²
Rent covers ~ 89% of the payment
~ 947 €/mo rent · you top up ~ 113 €/mo
Sale499,000 €4,495 €/m²
Expected rent947 € /mo
~114,500 € ABOVE MARKET
overpriced
against the median for apartments in Festivalen Kompleks (31 properties)
Area
111 m²
Floor
3 / 4
Construction
Brick
Year
1970
Yield analysis
Low investment rating
Monthly payment2,214 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 43% of the payment — you top up about 1,267 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 44 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 114,500 € above the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 4,495 €/m² against 3,462 €/m².
Four-room apartment with an area of 111 sq m, located in Varna, Festival Complex district. The property is on the third floor of a four-storey brick building, built in 1970.
The layout includes a living room with kitchenette and balcony, three separate bedrooms, bathroom with toilet, entrance hall and corridor. It is possible to reconfigure the living area for greater functionality.
The building is brick, with replaced plumbing and window frames, partially renovated facade with thermal and waterproof insulation. Heating is electric, and the entrance door is metal.
The location is close to Festival Complex, the main pedestrian zone and the sea garden, with convenient access to the centre and the beach. Parking is in a blue zone.
The property is suitable for family living with a good location and possibilities to adapt the space according to needs.
With 20% down over 20 years the monthly mortgage payment is about 2,214 €, against an expected local rent of 947 €. The rent covers 43% of it.
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- balcony
- close to centre
- partially renovated
Cons
- in need of full renovation
- electric heating
- blue zone parking
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 1970 — about 56 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
- entrance hall
- corridor
- living room
- bedroom
- bedroom
- bedroom
Exposure
AI summaryEEast
Morning sun, cooler afternoons
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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