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
Sale630,000 €5,250 €/m²
Expected rent947 € /mo
~214,500 € ABOVE MARKET
overpriced
against the median for apartments in Festivalen Kompleks (31 properties)
Area
120 m²
Floor
2 / 4
Construction
Brick
Yield analysis
Low investment rating
Monthly payment2,795 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood
The rent covers 34% of the payment — you top up about 1,848 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 55 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 214,500 € above the typical price (the median) for apartments in Festivalen Kompleks (31 properties) — 5,250 €/m² against 3,462 €/m².
4-room apartment in Varna, Festival Complex district, located on the second floor of a four-storey brick building.
The layout includes a kitchen, dining room, living room, two bedrooms, bathroom with toilet, corridor, two balconies and two basement storage rooms, providing functionality and possibilities for remodeling.
The building is solid, brick-built, with characteristic urban architecture, but the property needs renovation.
The location is close to the Festival and Congress Center, Sea Garden and pedestrian zone, offering convenient access to cultural and public events.
The property is suitable both for living and as an investment with potential for rental or conversion into an office or hostel.
With 20% down over 20 years the monthly mortgage payment is about 2,795 €, against an expected local rent of 947 €. The rent covers 34% of it.
Source: Market statistics for apartments in Festivalen Kompleks
Pros and cons
AI summaryPros
- functional layout
- brick construction
- central location
- two balconies
Cons
- needs renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 358 days.
What is the scope of the work, and are there hidden problems with the wiring or plumbing?
Because: The listing states that the property needs renovation.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- kitchen
- dining room
- living room
- bedroom
- bedroom
Amenities
- Access Control
- Needs Renovation
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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At market level
median 3,300 €/m² for comparable properties
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Rent covers ~ 65% of the payment
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median 3,462 €/m² for comparable properties
630,000 € 5,250 €/m²
Rent covers ~ 34% of the payment
~ 947 €/mo rent · you top up ~ 1,848 €/mo