median 2,745 €/m² for comparable properties
Rent covers ~ 70% of the payment
~ 719 €/mo rent · you top up ~ 304 €/mo
~82,000 € ABOVE MARKET
overpriced
against the median for 4-room apartments in Okryjna Bolnica-Generali (24 properties)
Low investment rating
The rent covers 59% of the payment — you top up about 603 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 32 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This apartment is priced about 82,000 € above the typical price (the median) for 4-room apartments in Okryjna Bolnica-Generali (24 properties) — 2,844 €/m² against 2,136 €/m².
4-room apartment in Varna, Okrazhna Hospital-Generali district. It is located on the 2nd floor of 4 in a brick building from 1997 with a total area of 116 sq m.
The layout includes a corridor, separate living room with access to a terrace, kitchen with dining area and access to a terrace, three separate bedrooms with access to terraces, one of which has a walk-in closet, as well as two bathrooms. There is also an adjacent basement.
The building is brick, built in 1997, and the property requires full renovation. There are inhabited commercial premises below the apartment. All necessary utilities are available.
The area is well connected and convenient, close to educational institutions, public transport, shops, and Okrazhna Hospital. The Sea Garden is about a 5-minute walk away.
The property is suitable for those looking for a spacious apartment with potential for remodeling in the central part of Varna, willing to invest in renovation.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 861 €. The rent covers 59% of it.
Source: Market statistics for 4-room apartments in Okryjna Bolnica-Generali
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 2,745 €/m² for comparable properties
Rent covers ~ 70% of the payment
~ 719 €/mo rent · you top up ~ 304 €/mo
median 2,520 €/m² for comparable properties
Rent covers ~ 79% of the payment
~ 994 €/mo rent · you top up ~ 257 €/mo
median 2,745 €/m² for comparable properties
Rent covers ~ 58% of the payment
~ 719 €/mo rent · you top up ~ 519 €/mo
median 2,745 €/m² for comparable properties
Rent covers ~ 58% of the payment
~ 719 €/mo rent · you top up ~ 523 €/mo
median 2,745 €/m² for comparable properties
Rent covers ~ 57% of the payment
~ 719 €/mo rent · you top up ~ 545 €/mo
median 2,136 €/m² for comparable properties
Rent covers ~ 50% of the payment
~ 861 €/mo rent · you top up ~ 869 €/mo
median 2,577 €/m² for comparable properties
Rent covers ~ 35% of the payment
~ 626 €/mo rent · you top up ~ 1,140 €/mo
median 2,745 €/m² for comparable properties
Rent covers ~ 73% of the payment
~ 719 €/mo rent · you top up ~ 272 €/mo