At market level
median 2,112 €/m² for comparable properties
125,000 € 2,083 €/m²
Rent covers ~ 315% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 6 yrs
Sale59,800 €1,929 €/m²
Expected rent1,748 € /mo
~5,500 € BELOW MARKET
good value
against the median for houses in Kolhozen Pazar (18 properties)
Area
31 m²
Land Area
20 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment265 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 659% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 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▼ 3.1% · 1,900 €
- 61,700 €
- 59,990 €▼ 1,710 € (2.8%)
- 59,800 €▼ 190 € (0.3%)
Property analysis
This house is priced about 5,500 € below the typical price (the median) for houses in Kolhozen Pazar (18 properties) — 1,929 €/m² against 2,112 €/m².
House with an area of 31 sq m in the city of Varna, Kolhozen pazar district, near Koleloto.
The layout includes an entrance hall with kitchenette, living room, and bathroom with toilet, providing basic functionality for a small home.
Built of brick in 1970, renovated with PVC windows, terracotta tiles, and laminate flooring, improving its condition and amenities.
Located close to key city facilities such as Kolhozen pazar, Varna Bus Station, and Grand Mall, with easy access and controlled entry.
Suitable for permanent residence or investment given the compact size and location.
With 20% down over 20 years the monthly mortgage payment is about 265 €, against an expected local rent of 1,748 €. The rent covers the whole payment (659%).
The asking price has fallen by 1,900 € (3.1%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- renovated
- close to city amenities
- controlled access
Cons
- small area
- limited living space
Layout
- entrance hall
- kitchenette
- living room
- bathroom
Amenities
- Access Control
Details
- Category
- Residential
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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