At market level
median 1,600 €/m² for comparable properties
165,000 € 1,500 €/m²
Rent covers ~ 246% of the payment
~ 1,799 €/mo rent · pays for itself in ~ 8 yrs
Sale512,000 €2,694 €/m²
Expected rent1,799 € /mo
~208,000 € ABOVE MARKET
overpriced
against the median for houses in Manastirski Rid (71 properties)
Area
190 m²
Land Area
596 m²
Construction
Brick
Year
2011
Yield analysis
Fair investment rating
Monthly payment2,272 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 79% of the payment — you top up about 473 €/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.
Price history
1 change since listing▼ 4.8% · 26,000 €
- 538,000 €
- 512,000 €▼ 26,000 € (4.8%)
Property analysis
This house is priced about 208,000 € above the typical price (the median) for houses in Manastirski Rid (71 properties) — 2,694 €/m² against 1,600 €/m².
House in Manastirski Rid, Varna city, located on Sinite Kamani St.
Layout: three floors with a living area, four bedrooms, two bathrooms and a terrace overlooking the yard and the sea.
The construction is brick, built in 2011, with quality materials and a well-maintained building. The property has its own purification station and an automated irrigation system.
The location is quiet and green, with easy access to the centre of Varna and the sea, in an area with low building density.
Suitable for family living or a holiday home, combining convenience and proximity to nature.
With 20% down over 20 years the monthly mortgage payment is about 2,272 €, against an expected local rent of 1,799 €. The rent covers 79% of it.
The asking price has fallen by 26,000 € (4.8%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- quality materials
- garage and parking space
- automated irrigation system
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living area
- bedroom
- bedroom
- bedroom
- veranda
Amenities
- Access Control
- Renovated
Details
- Category
- Residential
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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