−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
Sale179,999 €1,333 €/m²
Expected rent1,799 € /mo
~42,000 € BELOW MARKET
good value
against the median for houses in Manastirski Rid (72 properties)
Area
135 m²
Land Area
840 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment799 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 225% 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 42,000 € below the typical price (the median) for houses in Manastirski Rid (72 properties) — 1,333 €/m² against 1,644 €/m².
The property is a detached three-storey house with a total floor area of 135 sq m, located in m-t Manastirski rid, Varna city.
The layout includes a living area, kitchen, three bedrooms, two bathrooms, and a large panoramic veranda with sea views. The attic space offers potential for additional use.
The construction is brick with replaced PVC windows and a renovated leak-free roof. The property has electricity and water connections but requires full renovation.
The location is quiet and green, with convenient access via an asphalt road and a short gravel section immediately in front of the property. The 840 sq m plot offers opportunities for creating a yard and recreational zones.
The property is suitable for those seeking a spacious home close to nature with potential for renovation according to personal needs.
With 20% down over 20 years the monthly mortgage payment is about 799 €, against an expected local rent of 1,799 €. The rent covers the whole payment (225%).
Pros and cons
AI summaryPros
- sea view
- large yard
- convenient access
- replaced windows
Cons
- needs renovation
Amenities
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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