+32% above market
median 1,459 €/m² for comparable properties
149,900 € 1,611 €/m²
Rent covers ~ 75% of the payment
~ 500 €/mo rent · you top up ~ 165 €/mo
Sale187,500 €1,500 €/m²
Expected rent446 € /mo
~23,000 € BELOW MARKET
good value
against the median for 4-room apartments in Vladislav Varnenchik 1 (43 properties)
Area
125 m²
Floor
2 / 6
Construction
Brick
Year
1990
Yield analysis
Low investment rating
Monthly payment832 €20% down payment · 20 yrs · 3%
Expected rent446 €at market conditions for the neighbourhood
The rent covers 54% of the payment — you top up about 386 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 35 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 23,000 € below the typical price (the median) for 4-room apartments in Vladislav Varnenchik 1 (43 properties) — 1,500 €/m² against 1,682 €/m².
Apartment with 4 separate rooms in Varna city, Vladislav Varnenchik district, on the second floor of a six-storey building.
The layout includes an entrance hall, kitchen with dining area and laundry room with access to a terrace, spacious living room, two bedrooms, bathroom, toilet, and a cellar.
The building is monolithic concrete, built in 1990 with quality materials such as 27 cm ceramic bricks and soundproof floor screed, with an elevator and maintained common areas.
The location is well connected with plenty of greenery and parking options in the area.
The property needs renovation but is suitable for living or investment with rental potential.
With 20% down over 20 years the monthly mortgage payment is about 832 €, against an expected local rent of 446 €. The rent covers 54% of it.
Source: Market statistics for 4-room apartments in Vladislav Varnenchik 1
Pros and cons
AI summaryPros
- functional layout
- two terraces
- quality materials
- elevator
Cons
- needs renovation
Questions for the viewing
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Layout
- Entrance Hall about 8 sq m
- Kitchen+Dining+Laundry about 22 sq m
- Living Room about 18 sq m
- Children's Bedroom about 13 sq m
- Master Bedroom about 15 sq m
- Bathroom about 3.5 sq m
- Toilet
Amenities
- Elevator
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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