Three-room apartment in the Center of Varna with enclosed terrace

This apartment is priced at the typical price (the median) for apartments in Centyr (536 properties) — 2,681 €/m² against 2,693 €/m².

The offered property is a three-room apartment located in the Center of Varna city. The apartment is on the second floor of a three-storey brick building, built in 1920. The layout includes a large living room with kitchen and dining area of about 45 sq m, two separate bedrooms, one of which has an enclosed terrace, and there is also a small outdoor terrace. The building is a cultural monument with plans for external renovation. The interior walls have new plaster and insulation, the window frames have been replaced, as well as the electrical and plumbing installations. The location is in the pedestrian zone, close to the Economic University and the Sea Garden, providing convenient access to urban infrastructure. The property is suitable for long-term rental, especially for students due to its proximity to educational institutions. This is a functional property with balanced layout and good location for city living and investment.

With 20% down over 20 years the monthly mortgage payment is about 1,047 €, against an expected local rent of 739 €. The rent covers 71% of it.

The asking price has fallen by 13,000 € (5.2%) since it was first listed.

Source: Market statistics for apartments in Centyr