На пазарно ниво
median 1,929 €/m² for comparable properties
59,800 € 1,929 €/m²
Rent covers ~ 665% of the payment
~ 1,764 €/mo rent · pays for itself in ~ 3 yrs
Sale76,500 €1,593 €/m²
Expected rent1,764 € /mo
~16,000 € BELOW MARKET
good value
against the median for houses in Kolhozen Pazar (17 properties)
Area
48 m²
Land Area
68 m²
Construction
Brick
Year
1980
Yield analysis
Strong investment rating
Monthly payment339 €20% down payment · 20 yrs · 3%
Expected rent1,764 €at market conditions for the neighbourhood
The rent covers 520% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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 16,000 € below the typical price (the median) for houses in Kolhozen Pazar (17 properties) — 1,593 €/m² against 1,929 €/m².
House with an area of 48 sq m in the Kolhozen pazar district, Varna city. The property includes a private yard of 68 sq m and a basement of 15 sq m.
The layout includes a small kitchen, living room, bedroom, utility building, and an external bathroom with toilet. Possibility to build a second bedroom to increase the living area.
The building is brick, built in 1980, and the property requires renovation works to improve its condition and functionality. There are active utility accounts for electricity, water, and sewage.
The location is central with quick access to public transport, shops, and services, about 10 minutes on foot from the Cathedral Church in Varna.
Suitable property for personal use or investment with potential for transformation and value increase.
With 20% down over 20 years the monthly mortgage payment is about 339 €, against an expected local rent of 1,764 €. The rent covers the whole payment (520%).
Pros and cons
AI summaryPros
- private yard
- central location
- brick construction
Cons
- needs renovation
- external bathroom
- small living area
Layout
- kitchen
- living room
- bedroom
- external bathroom with toilet
- basement
Amenities
- Needs Renovation
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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