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
Sale499,990 €1,960 €/m²
Expected rent1,799 € /mo
~92,000 € ABOVE MARKET
overpriced
against the median for houses in Manastirski Rid (71 properties)
Area
255 m²
Land Area
900 m²
Construction
Brick
Year
2026
Yield analysis
Fair investment rating
Monthly payment2,218 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 81% of the payment — you top up about 419 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 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 92,000 € above the typical price (the median) for houses in Manastirski Rid (71 properties) — 1,960 €/m² against 1,600 €/m².
House with an area of 255 sq m, located in the Manastirski Rid area, Varna city. The property is two-storey with a functional layout. The first level includes an entrance hall, spacious living room, bedroom, bathroom with toilet, and veranda, while the second level has two bedrooms, bathroom with toilet, terrace, and walk-in closet. The construction is brick from 2026, with the building delivered finished to key with the option to choose materials. The house has two garages and a yard of 900 sq m with additional facilities such as a heated jacuzzi and a gazebo with barbecue. The location is about 15 minutes from Varna city center and close to the resort of Sv. Sv. Konstantin and Elena, providing convenient access to urban infrastructure and nature in the area. The property is suitable for year-round living with secured parking spaces and access control.
With 20% down over 20 years the monthly mortgage payment is about 2,218 €, against an expected local rent of 1,799 €. The rent covers 81% of it.
Pros and cons
AI summaryPros
- functional layout
- two garages
- large yard
- new brick construction
Cons
- delivered finished to key
- not completed
Layout
- entrance hall
- living room
- bedroom
- bathroom
- bedroom
- bedroom
- bathroom
Amenities
- With Parking
- Access Control
- Renovated
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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