−36% below market
median 1,923 €/m² for comparable properties
310,000 € 1,230 €/m²
Rent covers ~ 128% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 15 yrs
Sale157,990 €451 €/m²
Expected rent1,755 € /mo
Area
350 m²
Land Area
800 m²
Floor
0 / 0
Construction
EPC
Year
2027
Yield analysis
Strong investment rating
Monthly payment701 €20% down payment · 20 yrs · 3%
Expected rent1,755 €at market conditions for the neighbourhood
The rent covers 250% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 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▲ 1.9% · 3,000 €
- 154,990 €
- 170,000 €▲ 15,010 € (9.7%)
- 159,990 €▼ 10,010 € (5.9%)
- 157,990 €▼ 2,000 € (1.3%)
Property analysis
This house is priced 78% below the typical price (the median) for comparable properties — 415 €/m² against 1,923 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
House in m-t Balam Dere, Varna, offers a spacious property with a total area of 350 sq m. It is located on three floors with a built-up area of 148 sq m.
The interior layout is in rough construction, allowing for individual design according to the future owner's needs. The property includes parking and a large yard of about 800 sq m.
The construction is according to EPC standard, planned for 2027, and currently requires finishing works and investment to complete. The water supply reaches the property, and the possibility of drilling a well provides additional convenience.
The location is close to nature with a panoramic view of Varna and Varna Bay, offering tranquility and privacy while not far from urban infrastructure.
The property is suitable for people looking for a spacious home with customization options and proximity to nature.
With 20% down over 20 years the monthly mortgage payment is about 701 €, against an expected local rent of 1,755 €. The rent covers the whole payment (250%).
The asking price has risen by 3,000 € (1.9%) since it was first listed.
Pros and cons
AI summaryPros
- panoramic view
- large yard
- customization option
- water supply to property
Cons
- needs finishing
- rough construction
Amenities
- With Parking
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
−28% below market
median 1,923 €/m² for comparable properties
175,000 € 1,388 €/m²
Rent covers ~ 226% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 8 yrs
−45% below market
median 1,923 €/m² for comparable properties
175,000 € 1,067 €/m²
Rent covers ~ 226% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 8 yrs