−19% below market
median 1,644 €/m² for comparable properties
179,998 € 1,384 €/m²
Rent covers ~ 225% of the payment
~ 1,799 €/mo rent · pays for itself in ~ 8 yrs
Sale165,000 €1,500 €/m²
Expected rent1,799 € /mo
~16,000 € BELOW MARKET
good value
against the median for houses in Manastirski Rid (72 properties)
Area
110 m²
Land Area
730 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment732 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 246% 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.
Property analysis
This house is priced about 16,000 € below the typical price (the median) for houses in Manastirski Rid (72 properties) — 1,500 €/m² against 1,644 €/m².
House in m-t Manastirski rid, Varna city, located on a 730 sq m plot with a regular shape and easy access.
Layout: spacious living room with dining area and kitchen, two bedrooms or one large bedroom with balcony and French windows, combined bathroom and storage room, as well as a wide veranda over 30 sq m.
Construction: solid structure with concrete slab, brick walls and high ceilings (up to 3 m), electricity and water available.
Location: the property borders the forest of Park Zlatni pyasatsi, about 8 km from Varna city centre and close to the main Varna - Zlatni pyasatsi road. The area is inhabited year-round.
The property is suitable for living close to nature or as an investment with the possibility to develop the terrace and additional reconstruction.
With 20% down over 20 years the monthly mortgage payment is about 732 €, against an expected local rent of 1,799 €. The rent covers the whole payment (246%).
Pros and cons
AI summaryPros
- functional layout
- southeast aspect
- large terrace
- easy access
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- dining area
- kitchen
- bedroom
- bedroom
- enclosed terrace
- corridor
- bathroom
- storage room
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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