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
Year
1960
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 city, Festival Complex district, located on the second floor of a four-storey brick building from 1960.
The layout includes two bedrooms, a living room with the possibility of a third bedroom, a lounge, kitchen, bathroom, toilet and two balconies, providing functional separation of the areas.
The building is brick, with basic utilities, and the condition requires standard maintenance, with no records of repairs or renovations.
The location is close to the Festival and Congress Center, Sea Garden and Central Beach, offering convenient access to key urban areas and green spaces.
The property is suitable both for living and for investment, thanks to the balance between functionality and location.
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
- two balconies
- close to Sea Garden
- brick construction
Cons
- building age
- no elevator
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 238 days.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1960 — about 66 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- bedroom
- bedroom
- living room
- lounge
- kitchen
- bathroom
- toilet
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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