−9% below market
median 1,644 €/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
Sale370,000 €1,947 €/m²
Expected rent1,799 € /mo
~57,500 € ABOVE MARKET
above market
against the median for houses in Manastirski Rid (72 properties)
Area
190 m²
Land Area
500 m²
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment1,642 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 110% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 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 57,500 € above the typical price (the median) for houses in Manastirski Rid (72 properties) — 1,947 €/m² against 1,644 €/m².
House with a total floor area of 190 sq m in m-t Manastirski rid, Varna city, located on a flat plot with asphalt access and street frontage.
The layout includes a spacious living room with a kitchenette and a wide veranda, kitchen, three bedrooms and a master bedroom with an en-suite bathroom and walk-in closet, as well as two additional bathrooms and a laundry room.
The construction is brick, the house is at the stage before Act 14 issuance and will be finished to BDS standard with PVC windows; the property has electricity and water.
The location is close to natural areas providing tranquility and fresh air, with an available outdoor parking space in the yard.
The property is suitable for family living with a balance between functionality and proximity to nature.
With 20% down over 20 years the monthly mortgage payment is about 1,642 €, against an expected local rent of 1,799 €. The rent covers the whole payment (110%).
Pros and cons
AI summaryPros
- functional layout
- southeast aspect
- private yard
- outdoor parking space
Cons
- unfurnished
- finished to BDS standard
Layout
- living room (38.3 sq m)
- kitchen (13.4 sq m)
- bedroom (15.1 sq m)
- bedroom (13.7 sq m)
- bedroom (13.4 sq m)
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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