At market level
median 3,000 €/m² for comparable properties
1,200,000 € 3,000 €/m²
Rent covers ~ 13% of the payment
~ 710 €/mo rent · you top up ~ 4,614 €/mo
Sale620,000 €1,377 €/m²
Expected rent710 € /mo
~730,000 € BELOW MARKET
far below market
against the median for floors of house in Centyr (8 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
450 m²
Floor
0 / 3
Construction
Brick
Year
1920
Yield analysis
Low investment rating
Monthly payment2,751 €20% down payment · 20 yrs · 3%
Expected rent710 €at market conditions for the neighbourhood
The rent covers 26% of the payment — you top up about 2,041 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 73 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This floor of House is priced about 730,000 € below the typical price (the median) for floors of house in Centyr (8 properties) — 1,377 €/m² against 3,000 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
The property is a house with a total area of 450 sq m, located in the centre of Varna on Maria Luiza Blvd.
The layout includes a high ground floor with a vestibule and 5 rooms, a sanitary unit, two rooms in the semi-basement, two garages, and an establishment with an open garden.
The building is brick, built in 1920, with high ceilings and is a cultural monument, which imposes specific requirements for maintenance and repair.
The location is prestigious, close to administrative and commercial facilities, making the property suitable for business or investment.
The property is suitable for combining residential and commercial use, offering good functionality and rental opportunities.
With 20% down over 20 years the monthly mortgage payment is about 2,751 €, against an expected local rent of 710 €. The rent covers 26% of it.
Pros and cons
AI summaryPros
- functional layout
- garage / parking space
- high ceilings
- cultural monument
Cons
- needs maintenance
- old construction
Layout
- vestibule
- room
- room
- room
- room
- room
- room
- room
Amenities
- With Parking
- Active Business
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
No market valuation
On request
No yield data
Appears once there's enough market data
At market level
median 3,000 €/m² for comparable properties
450,000 € 3,000 €/m²
Rent covers ~ 36% of the payment
~ 710 €/mo rent · you top up ~ 1,287 €/mo
+26% above market
median 2,500 €/m² for comparable properties
590,000 € 3,155 €/m²
Rent covers ~ 38% of the payment
~ 1,001 €/mo rent · you top up ~ 1,617 €/mo
At market level
median 3,000 €/m² for comparable properties
590,000 € 3,172 €/m²
Rent covers ~ 27% of the payment
~ 710 €/mo rent · you top up ~ 1,908 €/mo
−37% below market
median 3,000 €/m² for comparable properties
590,000 € 1,903 €/m²
Rent covers ~ 27% of the payment
~ 710 €/mo rent · you top up ~ 1,908 €/mo
+14% above market
median 3,000 €/m² for comparable properties
650,000 € 3,421 €/m²
Rent covers ~ 25% of the payment
~ 710 €/mo rent · you top up ~ 2,174 €/mo