+28% above market
median 2,029 €/m² for comparable properties
259,999 € 2,599 €/m²
Rent covers ~ 163% of the payment
~ 1,875 €/mo rent · pays for itself in ~ 12 yrs
Sale550,000 €2,570 €/m²
Expected rent1,875 € /mo
~116,000 € ABOVE MARKET
overpriced
against the median for houses in Evksinograd (20 properties)
Area
214 m²
Land Area
400 m²
Construction
Brick
Year
2007
Yield analysis
Fair investment rating
Monthly payment2,440 €20% down payment · 20 yrs · 3%
Expected rent1,875 €at market conditions for the neighbourhood
The rent covers 77% of the payment — you top up about 565 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 116,000 € above the typical price (the median) for houses in Evksinograd (20 properties) — 2,570 €/m² against 2,029 €/m².
Two-storey house with a total floor area of 214 sq m, located in m-t Evksinograd, Varna city.
The layout includes a spacious living room with kitchenette, a bedroom and a bathroom on the first floor, as well as three large bedrooms on the second floor.
The building was constructed of brick in 2007, with external insulation and heating via air conditioners in each room.
The property features a 400 sq m yard and designated parking spaces, located close to public transport and about 1 km from the sea coast.
Suitable for year-round living or as a holiday home, combining convenience and access to Varna's infrastructure.
With 20% down over 20 years the monthly mortgage payment is about 2,440 €, against an expected local rent of 1,875 €. The rent covers 77% of it.
Pros and cons
AI summaryPros
- functional layout
- designated parking spaces
- close to sea
- high-speed internet
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- bedroom (15 sq m)
- bedroom
- bedroom
- bedroom
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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median 2,029 €/m² for comparable properties
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