−20% below market
median 2,770 €/m² for comparable properties
199,900 € 2,221 €/m²
Rent covers ~ 77% of the payment
~ 685 €/mo rent · you top up ~ 202 €/mo
Sale399,900 €1,403 €/m²
Expected rent685 € /mo
~389,500 € BELOW MARKET
far below market
against the median for apartments in Zavod Drujba (18 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
285 m²
Floor
6 / 7
Construction
Brick
Year
2015
Yield analysis
Low investment rating
Monthly payment1,774 €20% down payment · 20 yrs · 3%
Expected rent685 €at market conditions for the neighbourhood
The rent covers 39% of the payment — you top up about 1,089 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 49 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 389,500 € below the typical price (the median) for apartments in Zavod Drujba (18 properties) — 1,403 €/m² against 2,770 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
4-room apartment in Varna, Zavod Druzhba district, located on the 6th floor of 7.
The layout is functional and includes a living area with kitchenette, three bedrooms, and three bathrooms, as well as two terraces and a large panoramic terrace on the third level.
The building is brick from 2015, with an elevator and security, and the property is renovated and equipped with high-end appliances and air conditioners.
The location is well connected, close to Cherno More stadium and the Sea Garden, providing conveniences and recreational opportunities.
The property is suitable for a large family or investment with potential for an additional room through reconstruction.
With 20% down over 20 years the monthly mortgage payment is about 1,774 €, against an expected local rent of 685 €. The rent covers 39% of it.
Pros and cons
AI summaryPros
- functional layout
- panoramic terrace
- new-build
- elevator
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 49% below the average for comparable properties.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living area
- bedroom
- bedroom
- bedroom
Amenities
- Elevator
- Security
- Renovated
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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