−21% below market
median 1,313 €/m² for comparable properties
109,000 € 1,038 €/m²
Rent covers ~ 140% of the payment
~ 676 €/mo rent · pays for itself in ~ 13 yrs
Sale119,000 €1,214 €/m²
Expected rent676 € /mo
AT MARKET LEVEL
fairly priced
against the median for floors of house in Asparuhovo (15 properties)
Area
98 m²
Floor
0 / 3
Construction
Brick
Year
1960
Yield analysis
Good investment rating
Monthly payment528 €20% down payment · 20 yrs · 3%
Expected rent676 €at market conditions for the neighbourhood
The rent covers 128% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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▼ 0.8% · 1,000 €
- 120,000 €
- 125,000 €▲ 5,000 € (4.2%)
- 119,000 €▼ 6,000 € (4.8%)
Property analysis
This floor of House is priced at the typical price (the median) for floors of house in Asparuhovo (15 properties) — 1,214 €/m² against 1,313 €/m².
House floor in a semi-basement, located in the Asparuhovo district of Varna. The property has an area of 98 sq m and includes two main rooms and two storage rooms.
The layout is functional with a living room, bedroom, kitchenette, bathroom with toilet, and corridor, while the storage rooms can be used as additional living spaces or separately.
The building is brick from 1960, with a new roof and replaced window frames; the common areas are maintained in good condition.
The location offers tranquility and greenery, close to the sea and a park, as well as convenient access to Varna city centre through developed infrastructure.
Suitable property for living or combined use with the possibility of customization according to the residents' needs.
With 20% down over 20 years the monthly mortgage payment is about 528 €, against an expected local rent of 676 €. The rent covers the whole payment (128%).
The asking price has fallen by 1,000 € (0.8%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- good condition
- close to park
- new roof
Cons
- semi-basement
- needs refreshing
Layout
- living room
- bedroom
- kitchenette
- bathroom
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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