Sale

Three-room apartment with south aspect in Chaika, Varna

VarnaChaika
Published: 1 April 2026 Updated: 8 September 2026
Sale235,000 €3,357 €/m²
Expected rent798 € /mo

~40,500 € ABOVE MARKET

overpriced

against the median for apartments in Chaika (152 properties)

Area
70 m²
Floor
3 / 8
Construction
Brick
Year
1970

Yield analysis

Fair investment rating

4.1% / yr
Monthly payment1,043 €20% down payment · 20 yrs · 3%
Expected rent798 €at market conditions for the neighbourhood

The rent covers 77% of the payment — you top up about 245 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 25 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

2 changes since listing▼ 7.1% · 18,000 €
  1. 253,000 €1 April 2026Initial price
  2. 245,000 €▼ 8,000 € (3.2%) 3 May 2026Price reduced
  3. 235,000 €▼ 10,000 € (4.1%) 8 September 2026Price reducedCurrent

Property analysis

This apartment is priced about 40,500 € above the typical price (the median) for apartments in Chaika (152 properties) — 3,357 €/m² against 2,782 €/m².

The offered property is a three-room apartment with an area of 70 sq m, located in the Chaika district, Varna. The layout includes a kitchen with dining/living room, two bedrooms, corridor, bathroom, toilet, and a large shared terrace in front of the three rooms. The apartment is on the third floor of an eight-storey brick building with an elevator and maintained entrance. The construction dates from 1970, with replaced plumbing and electrical installations, and high-quality window frames. The location is close to the Sea Garden, childcare facilities, schools, shops, and stops, with partial sea views and greenery outlook. The property is suitable both for living and as an investment for rental purposes.

With 20% down over 20 years the monthly mortgage payment is about 1,043 €, against an expected local rent of 798 €. The rent covers 77% of it.

The asking price has fallen by 18,000 € (7.1%) since it was first listed.

Source: Market statistics for apartments in Chaika

Pros and cons

AI summary
Pros
  • south aspect
  • partial sea view
  • elevator
  • replaced installations
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 imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 2 times — about 7% below the original asking price.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 184 days.

  3. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1970 — about 56 years old.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • kitchen with dining/living room
  • bedroom
  • bedroom
  • corridor
  • bathroom
  • toilet

Amenities

  • Elevator
  • With Parking

Exposure

AI summary
SSouth

Maximum sunlight throughout the day

Details

Category
Residential
Bathrooms
1
Furnishing
Yes

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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