Sale

Three-room apartment with two terraces in Kolhozen pazar, Varna

VarnaKolhozen Pazar
Published: 9 March 2026 Updated: 8 September 2026
Sale199,500 €1,456 €/m²
Expected rent494 € /mo

~29,000 € BELOW MARKET

good value

against the median for 4-room apartments in Kolhozen Pazar (26 properties)

Area
137 m²
Floor
4 / 5
Construction
Brick
Year
2026

Yield analysis

Low investment rating

3% / yr
Monthly payment885 €20% down payment · 20 yrs · 3%
Expected rent494 €at market conditions for the neighbourhood

The rent covers 56% of the payment — you top up about 391 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 34 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

6 changes since listing▼ 23.3% · 60,500 €
  1. 260,000 €9 March 2026Initial price
  2. 227,000 €▼ 33,000 € (12.7%) 21 April 2026Price reduced
  3. 227,000 €▲ 0 € (0%) 15 May 2026Price increased
  4. 215,000 €▼ 12,000 € (5.3%) 3 June 2026Price reduced
  5. 215,000 €▲ 0 € (0%) 3 June 2026Price increased
  6. 199,500 €▼ 15,500 € (7.2%) 24 August 2026Price reduced
  7. 199,500 €▲ 0 € (0%) 24 August 2026Price increasedCurrent

Property analysis

This apartment is priced about 29,000 € below the typical price (the median) for 4-room apartments in Kolhozen Pazar (26 properties) — 1,456 €/m² against 1,668 €/m².

Apartment with an area of 137 sq m in the city of Varna, Kolhozen pazar district, on Radetski St. It is located on the fourth floor of a five-storey building with an elevator.

The layout includes a L-shaped living room with kitchenette, two bedrooms, bathroom with toilet, walk-in closet and two terraces. One bedroom is walk-through via the living room, which may limit the independence of the rooms.

The building is new-build from 2026, with brick construction and quality materials. There is an elevator and a basement storage room available.

The location is convenient, close to schools, kindergartens, shops and public services, while being in the central part of the city. Parking is in a blue zone.

The property is suitable for families looking for a spacious apartment with good access to urban infrastructure.

With 20% down over 20 years the monthly mortgage payment is about 885 €, against an expected local rent of 494 €. The rent covers 56% of it.

This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 207 days. The asking price has fallen by 60,500 € (23.3%) since it was first listed.

Source: Market statistics for 4-room apartments in Kolhozen Pazar

Pros and cons

AI summary
Pros
  • functional layout
  • new-build
  • elevator
  • two terraces
Cons
  • walk-through room
  • blue zone parking

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 13% 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 23% below the original asking price.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 207 days.

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

    Because: The building dates from 2026.

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

Layout

  • living room /31 sq m/
  • bedroom /14 sq m/
  • bedroom /14 sq m/
  • bathroom with toilet /3.42 sq m/
  • corridor /7.90 sq m/
  • terrace /2.82 sq m/
  • terrace /2.82 sq m/

Amenities

  • Elevator

Details

Category
Residential
Rooms
4
Bathrooms
1

Approximate location

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

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