−80% below market
median 2,371 €/m² for comparable properties
29,900 € 474 €/m²
Rent covers ~ 1566% of the payment
~ 2,078 €/mo rent · pays for itself in ~ 1 yrs
Sale1,200,000 €2,016 €/m²
Expected rent2,078 € /mo
~210,500 € BELOW MARKET
good value
against the median for houses in Centyr (18 properties)
Area
595 m²
Land Area
346 m²
Construction
Brick
Year
2025
Yield analysis
Low investment rating
Monthly payment5,324 €20% down payment · 20 yrs · 3%
Expected rent2,078 €at market conditions for the neighbourhood
The rent covers 39% of the payment — you top up about 3,246 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 48 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▲ 0% · 0 €
- 1,200,000 €
- 1,100,000 €▼ 100,000 € (8.3%)
- 1,200,000 €▲ 100,000 € (9.1%)
Property analysis
This house is priced about 210,500 € below the typical price (the median) for houses in Centyr (18 properties) — 2,016 €/m² against 2,371 €/m².
House in Varna city, Center district, close to the Cathedral of the Dormition of the Mother of God.
The layout includes four levels: basement, two residential floors, and an attic floor with a total area of 595 sq m, as well as a yard of 346 sq m with parking space for 8-10 cars.
The building is brick and is a cultural monument, restored in 2022-2023 with quality materials, including preserved original wooden elements and Italian terracotta. A modern air conditioning system, updated electrical installation, and security systems have been installed.
The location provides easy access to the pedestrian zone, theaters, shops, and public institutions in the city center.
The property is suitable for residential use or other functions, combining historical value with conveniences for modern living.
With 20% down over 20 years the monthly mortgage payment is about 5,324 €, against an expected local rent of 2,078 €. The rent covers 39% of it.
Pros and cons
AI summaryPros
- large area
- yard with parking
- restored with quality materials
- modern amenities
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- basement 152.16
- room
- room
- room
- room
- kitchen
- storage room
- toilet
- terrace
- 1st floor 144.60
- veranda
- room
- room
- room
- room
- toilet
- 2nd floor 149.50
- room
- room
- room
- room
- bathroom
- bathroom
- toilet
- walk-in closet
- terrace
- attic floor 148.06
- room
- room
- storage room
- kitchenette
- attic room
- terrace
Amenities
- With Parking
- Video Surveillance
- Access Control
- Security
Details
- Category
- Residential
- Bathrooms
- 4
Location
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