−15% below market
median 2,371 €/m² for comparable properties
1,200,000 € 2,016 €/m²
Rent covers ~ 39% of the payment
~ 2,078 €/mo rent · you top up ~ 3,246 €/mo
Sale3,990,990 €2,347 €/m²
Expected rent1,748 € /mo
~896,500 € BELOW MARKET
good value
against the median for houses in Centyr (8 properties)
Area
1,700 m²
Land Area
341 m²
Construction
Brick
Year
1997
Yield analysis
Low investment rating
Monthly payment17,707 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 10% of the payment — you top up about 15,959 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 190 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 896,500 € below the typical price (the median) for houses in Centyr (8 properties) — 2,347 €/m² against 2,875 €/m².
The property is a house located in the centre of Varna city at 10 Preslav St. The building was constructed in 1910, designed by architect Nikola Lazarov, and has historical value.
The layout includes a ground floor with an intermediate level, three main floors with a height of 3.25 m, an attic floor with variable height from 1.80 to 5 m, and a basement which is not included in the total built-up area.
The building is made of brick and underwent major renovation 25 years ago, as well as two subsequent reconstructions, the latest in 2025 when the facade was restored. The property has internet, access control, and wiring.
The location is in the central part of Varna, providing easy access to administrative and public services, as well as options for various uses – residential or administrative.
The property is suitable for multi-family housing or various public functions, combining historic architecture with modern amenities.
With 20% down over 20 years the monthly mortgage payment is about 17,707 €, against an expected local rent of 1,748 €. The rent covers 10% of it.
Pros and cons
AI summaryPros
- historic facade
- restored building
- central location
- internet and access control
Cons
- basement not included
- building age
Amenities
- Internet Connection
- Access Control
- Wiring
Details
- Category
- Residential
- Furnishing
- No
Location
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