−96% below market
median 1,796 €/m² for comparable properties
75,000 € 78 €/m²
Rent covers ~ 527% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 4 yrs
Sale105,000 €96 €/m²
Expected rent1,755 € /mo
~1,843,500 € BELOW MARKET
far below market
against the median for houses in Borovec - Sever (24 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
1,085 m²
Land Area
1,085 m²
Construction
Brick
Year
1970
Yield analysis
Strong investment rating
Monthly payment466 €20% down payment · 20 yrs · 3%
Expected rent1,755 €at market conditions for the neighbourhood
The rent covers 377% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 4.5% · 5,000 €
- 110,000 €
- 105,000 €▼ 5,000 € (4.5%)
Property analysis
This house is priced about 1,843,500 € below the typical price (the median) for houses in Borovec - Sever (24 properties) — 96 €/m² against 1,796 €/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 with a two-storey structure, located in m-t Borovets - north, Varna. The property includes a large yard of 1085 sq m with views of the city and Varna Lake.
The interior layout is on two levels: the first contains a living room, kitchen, bathroom and toilet, while the second level has one bedroom with the possibility to create a second.
The building was constructed in 1970 from brick and requires renovation. There are separate electricity and water meters, as well as a garage, well and hydrofor.
The location is about 300 metres from the main road and a bus stop, providing good connection to the city while offering tranquility close to nature.
The property is suitable for people looking for a spacious home with potential for renovation and expansion in a quieter part of Varna.
With 20% down over 20 years the monthly mortgage payment is about 466 €, against an expected local rent of 1,755 €. The rent covers the whole payment (377%).
The asking price has fallen by 5,000 € (4.5%) since it was first listed.
Pros and cons
AI summaryPros
- large yard
- garage
- panoramic view
- electricity and water meters
Cons
- needs renovation
- older construction
Layout
- living room
- kitchen
- bedroom
Amenities
- With Parking
Exposure
AI summaryNNorth
Even light, cooler during summer
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
+125% above market
median 1,796 €/m² for comparable properties
105,000 € 4,038 €/m²
Rent covers ~ 377% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 5 yrs
+115% above market
median 1,796 €/m² for comparable properties
135,000 € 3,857 €/m²
Rent covers ~ 293% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 6 yrs
+200% above market
median 1,796 €/m² for comparable properties
139,990 € 5,384 €/m²
Rent covers ~ 283% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 7 yrs
−21% below market
median 1,796 €/m² for comparable properties
280,000 € 1,421 €/m²
Rent covers ~ 141% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 13 yrs
At market level
median 1,796 €/m² for comparable properties
279,990 € 1,772 €/m²
Rent covers ~ 141% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 13 yrs
+56% above market
median 1,796 €/m² for comparable properties
140,000 € 2,800 €/m²
Rent covers ~ 283% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 7 yrs
+21% above market
median 1,796 €/m² for comparable properties
76,000 € 2,171 €/m²
Rent covers ~ 520% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 4 yrs