+63% above market
median 1,658 €/m² for comparable properties
149,000 € 2,709 €/m²
Rent covers ~ 78% of the payment
~ 517 €/mo rent · you top up ~ 144 €/mo
Sale132,900 €1,898 €/m²
Expected rent622 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Mladost 1 (62 properties)
Area
70 m²
Floor
1 / 5
Construction
Panel
Year
1970
Heating
District Heating
Yield analysis
Fair investment rating
Monthly payment590 €20% down payment · 20 yrs · 3%
Expected rent622 €at market conditions for the neighbourhood
The rent covers 105% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
8 changes since listing▼ 1.5% · 2,090 €
- 134,990 €
- 133,000 €▼ 1,990 € (1.5%)
- 135,000 €▲ 2,000 € (1.5%)
- 133,900 €▼ 1,100 € (0.8%)
- 135,000 €▲ 1,100 € (0.8%)
- 133,000 €▼ 2,000 € (1.5%)
- 133,000 €▲ 0 € (0%)
- 133,000 €▲ 0 € (0%)
- 132,900 €▼ 100 € (0.1%)
Property analysis
This apartment is priced at the typical price (the median) for 3-room apartments in Mladost 1 (62 properties) — 1,898 €/m² against 1,985 €/m².
Apartment with three rooms in the district of Mladost 1, Varna, located on the first floor of a five-storey prefab panel building.
The layout includes a living room with a glazed terrace, two separate bedrooms, a kitchen with a terrace, a storage room, a bathroom and a toilet in separate rooms.
The building is prefab panel from 1970, and the apartment is in need of full renovation, allowing adaptation according to the needs of the new owners.
The location offers convenient access to infrastructure and services in the district, suitable both for living and for investment.
The property is suitable for people looking for a functional home with renovation potential and a good location.
With 20% down over 20 years the monthly mortgage payment is about 590 €, against an expected local rent of 622 €. The rent covers the whole payment (105%).
This property is advertised in 10 offers from 10 different sellers. The gap between the cheapest and the dearest is 2,100 €. It has been listed for 214 days. The asking price has fallen by 2,090 € (1.5%) since it was first listed.
Source: Market statistics for 3-room apartments in Mladost 1
Pros and cons
AI summaryPros
- functional layout
- two terraces
- east aspect
Cons
- prefab panel block
- in need of full renovation
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Which price is the real one, and who am I negotiating with?
Because: The property appears in 10 listings, and the prices differ by about 2%.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 4 times — about 2% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 214 days.
What is the scope of the work, and are there hidden problems with the wiring or plumbing?
Because: The listing states that the property needs renovation.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living room
- bedroom
- bedroom
- kitchen
- storage room
- bathroom
- toilet
Amenities
- With Transition
- Internet Connection
- Active Business
- Video Surveillance
- Access Control
- Renovated
- Needs Renovation
- Tax Credit Option
- Elevator
- With Parking
- Leasing
Exposure
AI summaryEEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Rooms
- 3
- 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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