At market level
median 1,828 €/m² for comparable properties
280,000 € 1,772 €/m²
Rent covers ~ 141% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 13 yrs
Sale509,000 €1,298 €/m²
Expected rent1,748 € /mo
~207,500 € BELOW MARKET
good value
against the median for houses in Asparuhovo (39 properties)
Area
392 m²
Land Area
450 m²
Construction
Brick
Year
1960
Yield analysis
Fair investment rating
Monthly payment2,258 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 77% of the payment — you top up about 510 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
3 changes since listing▼ 6.1% · 33,000 €
- 542,000 €
- 540,000 €▼ 2,000 € (0.4%)
- 530,000 €▼ 10,000 € (1.9%)
- 509,000 €▼ 21,000 € (4%)
Property analysis
This house is priced about 207,500 € below the typical price (the median) for houses in Asparuhovo (39 properties) — 1,241 €/m² against 1,828 €/m².
House in Asparuhovo district, Varna city with a total area of 392 sq m and a yard of 450 sq m.
The layout includes a two-storey building with a functional basement and attic, a total of 12 rooms, 8 bedrooms, 3 bathrooms and a separate toilet for the yard and garage.
The construction is brick from 1968, with a new roof and the possibility for additional living space in the attic; there is a garage for two cars and an outdoor summer kitchen.
The location is in the centre of the district, about 5 minutes on foot from the beach and park, with good infrastructure and proximity to shops and amenities.
The property is suitable for family living or investment with the possibility to divide into several separate residences.
With 20% down over 20 years the monthly mortgage payment is about 2,258 €, against an expected local rent of 1,748 €. The rent covers 77% of it.
The asking price has fallen by 33,000 € (6.1%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- garage for two cars
- yard with summer kitchen
- close to the sea
Cons
- year of construction 1968
- attic needs renovation
Layout
- bedroom
- bedroom
- bedroom
- bedroom
- bedroom
- bedroom
- bedroom
- bedroom
- room
- room
- room
- room
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 1,828 €/m² for comparable properties
375,000 € 1,820 €/m²
Rent covers ~ 105% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 18 yrs
−34% below market
median 1,828 €/m² for comparable properties
119,990 € 1,199 €/m²
Rent covers ~ 328% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 6 yrs
+36% above market
median 1,828 €/m² for comparable properties
698,000 € 2,492 €/m²
Rent covers ~ 56% of the payment
~ 1,748 €/mo rent · you top up ~ 1,349 €/mo
+92% above market
median 1,828 €/m² for comparable properties
210,900 € 3,515 €/m²
Rent covers ~ 187% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 10 yrs
−10% below market
median 1,828 €/m² for comparable properties
620,000 € 1,653 €/m²
Rent covers ~ 64% of the payment
~ 1,748 €/mo rent · you top up ~ 1,003 €/mo
+23% above market
median 1,828 €/m² for comparable properties
697,900 € 2,251 €/m²
Rent covers ~ 56% of the payment
~ 1,748 €/mo rent · you top up ~ 1,348 €/mo
At market level
median 1,674 €/m² for comparable properties
690,000 € 1,746 €/m²
Rent covers ~ 98% of the payment
~ 2,988 €/mo rent · you top up ~ 73 €/mo