Sale

apartment in Varna, Izgrev

VarnaIzgrev
Published: 7 March 2026 Updated: 2 October 2026
Sale240,000 €872 €/m²
Expected rent516 € /mo

~208,000 € BELOW MARKET

far below market

against the median for apartments in Izgrev (308 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
275 m²
Floor
4 / 4
Construction
Panel
Year
2025

Yield analysis

Low investment rating

2.6% / yr
Monthly payment1,065 €20% down payment · 20 yrs · 3%
Expected rent516 €at market conditions for the neighbourhood

The rent covers 48% of the payment — you top up about 549 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 39 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▼ 34.5% · 126,462 €
  1. 366,462 €17 April 2026Initial price
  2. 323,000 €▼ 43,462 € (11.9%) 14 May 2026Price reduced
  3. 297,000 €▼ 26,000 € (8%) 9 June 2026Price reduced
  4. 240,000 €▼ 57,000 € (19.2%) 4 September 2026Price reducedCurrent

Property analysis

This apartment is priced about 208,000 € below the typical price (the median) for apartments in Izgrev (308 properties) — 872 €/m² against 1,629 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

With 20% down over 20 years the monthly mortgage payment is about 1,065 €, against an expected local rent of 516 €. The rent covers 48% of it.

The asking price has fallen by 126,462 € (34.5%) since it was first listed.

Source: Market statistics for apartments in Izgrev

Questions for the viewing

Only on imotesa

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

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 47% below the average for comparable properties.

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

    Because: The price has been cut 3 times — about 35% below the original asking price.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 209 days.

  4. Has the block been insulated under the renovation programme, and is there paperwork for it?

    Because: Prefabricated panel construction.

  5. Has Act 16 been issued, and what guarantees cover the common parts?

    Because: The building dates from 2025.

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

Amenities

  • Elevator

Details

Category
Residential
Bathrooms
2

Approximate location

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

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