House with 2 buildings in Kichevo village, Varna region

This house is priced about 79,000 € above the typical price (the median) for houses in Kichevo (37 properties) — 3,066 €/m² against 1,747 €/m².

The property is located in the central part of Kichevo village, Varna region, on an asphalt street. It offers a yard of 642 sq m with two residential buildings.

The layout includes two buildings – one requires full renovation, and the other is for demolition, as well as two basement rooms and a garage. The property has electricity, water, and sewerage.

The construction is brick from 1970, with the buildings in different conditions and requiring investment for restoration or new construction.

The location is about 10 km from Varna city, with convenient access and available basic services such as kindergarten, school, and medical center.

The property is suitable for people looking for an opportunity for reconstruction or new construction close to the urban environment and nature.

With 20% down over 20 years the monthly mortgage payment is about 816 €, against an expected local rent of 1,138 €. The rent covers the whole payment (139%).

Source: Market statistics for houses in Kichevo