+62% above market
median 1,832 €/m² for comparable properties
98,000 € 2,969 €/m²
Rent covers ~ 156% of the payment
~ 677 €/mo rent · pays for itself in ~ 12 yrs
Sale95,000 €633 €/m²
Expected rent677 € /mo
~180,000 € BELOW MARKET
far below market
against the median for floors of house in Varna (71 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
150 m²
Floor
2 / 2
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment421 €20% down payment · 20 yrs · 3%
Expected rent677 €at market conditions for the neighbourhood
The rent covers 161% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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▼ 5.7% · 6,000 €
- 105,000 €
- 95,000 €▼ 10,000 € (9.5%)
- 99,000 €▲ 4,000 € (4.2%)
Property analysis
This floor of House is priced about 180,000 € below the typical price (the median) for floors of house in Varna (71 properties) — 633 €/m² against 1,832 €/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 floor of a house with a total area of 150 sq m, located in the Kolhozen pazar, Varna area. It includes a residential part and two ground-floor shops.
The layout comprises two large bedrooms, a living room, kitchen, two corridors, bathroom and toilet in the residential part, as well as two shops with areas of 20 and 30 sq m.
The construction is brick, with the property needing full renovation and updating of internal installations and flooring.
The location is well connected with easy access to urban infrastructure and close to commercial outlets around Kolhozen pazar.
The property is suitable for combined residential and commercial use or as an investment requiring renovation.
With 20% down over 20 years the monthly mortgage payment is about 421 €, against an expected local rent of 677 €. The rent covers the whole payment (161%).
The asking price has fallen by 6,000 € (5.7%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- close to urban amenities
- commercial potential
Cons
- needs full renovation
- top floor
Layout
- bedroom
- bedroom
- living room
- kitchen
- corridor
- corridor
Amenities
- Needs Renovation
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.