+42% above market
median 2,001 €/m² for comparable properties
375,000 € 2,840 €/m²
Rent covers ~ 71% of the payment
~ 1,187 €/mo rent · you top up ~ 477 €/mo
Sale649,900 €3,420 €/m²
Expected rent1,187 € /mo
~193,000 € ABOVE MARKET
overpriced
against the median for 4-room apartments in Sveti Nikola (17 properties)
Area
190 m²
Floor
1 / 1
Construction
Brick
Year
2010
Yield analysis
Low investment rating
Monthly payment2,883 €20% down payment · 20 yrs · 3%
Expected rent1,187 €at market conditions for the neighbourhood
The rent covers 41% of the payment — you top up about 1,696 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 46 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 193,000 € above the typical price (the median) for 4-room apartments in Sveti Nikola (17 properties) — 3,420 €/m² against 2,404 €/m².
The apartment is located in the city of Varna, Sveti Nikola district, on the first floor of a small boutique building. The layout includes a large living area with a kitchenette, three bedrooms, two bathrooms and a separate toilet, as well as a large veranda with sea views. The building was constructed of brick in 2010, and the property has been renovated and equipped with air conditioners in every room for heating and cooling. The location offers tranquility and proximity to the sea shore, with an underground parking space and two basement storage rooms provided. The property is suitable for families seeking a spacious home with amenities and a good location by the sea.
With 20% down over 20 years the monthly mortgage payment is about 2,883 €, against an expected local rent of 1,187 €. The rent covers 41% of it.
Source: Market statistics for 4-room apartments in Sveti Nikola
Pros and cons
AI summaryPros
- large terrace with view
- underground parking space
- renovated condition
- southeast aspect
Cons
- ground floor
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 274 days.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- entrance hall
- living area
- kitchenette
- bedroom
- bedroom
- bedroom
- bathroom
- bathroom
- toilet
Amenities
- With Parking
- Internet Connection
- Access Control
- Renovated
Exposure
AI summaryEEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 3
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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