Yield analysis
Strong investment rating
The rent covers 364% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▼ 20.8% · 11,000 €
- 52,900 €
- 55,000 €▲ 2,100 € (4%)
- 52,900 €▼ 2,100 € (3.8%)
- 45,900 €▼ 7,000 € (13.2%)
- 41,900 €▼ 4,000 € (8.7%)
Property analysis
This floor of House is priced 52% below the typical price (the median) for comparable properties — 872 €/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 house floor with an area of 37 sq m, located in the Pchelina area, Varna city.
The layout includes one room, a separate kitchen, and a bathroom with toilet, providing basic living functionality.
The construction is brick, and the property is in good condition with a need for minor renovation; it has electricity, water, and sewage with its own accounts.
The location is about 250 meters past the windmill, access is via an asphalt road, close to public transport and a main road artery.
The property is suitable for people seeking tranquility close to nature with convenient access to the city and main communications.
With 20% down over 20 years the monthly mortgage payment is about 186 €, against an expected local rent of 676 €. The rent covers the whole payment (364%).
The asking price has fallen by 11,000 € (20.8%) since it was first listed.
Pros and cons
AI summary- panoramic view
- brick construction
- asphalt access
- own accounts
- needs minor renovation
- small area
Layout
- room
- kitchen
Details
- Category
- Residential
- Bathrooms
- 1