Sale+24% above market

Three-storey house with 3 rooms in m-t Manastirski rid, Varna

VarnaManastirski Rid
Published: 9 October 2025 Updated: 1 October 2026
Sale129,000 €1,433 €/m²
Expected rent1,748 € /mo
Area
90 m²
Land Area
700 m²
Construction
Brick
Year
1995
Heating
District Heating

Yield analysis

Strong investment rating

16.3% / yr
Monthly payment572 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood

The rent covers 305% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 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 24% above the typical price (the median) for comparable properties — 1,433 €/m² against 1,158 €/m².

House with a built-up area of 90 sq m, located in the area of Manastirski rid near Varna. The property is about 10 km from the city and offers access via an asphalt road.

The layout includes a ground floor with kitchen and living room, a second floor with two bedrooms, and the third floor provides the opportunity to create two additional rooms with sea views.

The building was constructed in 1995 with brick construction and has electricity and water connections, as well as a hydrophore system. The property requires renovation and has potential for further development according to the new owner's needs.

The location is close to a pine forest, providing tranquility and opportunities for walks in nature, while also being within walking distance of a bus stop.

Suitable property both for permanent residence and as a holiday home with possibilities for customization and expansion.

With 20% down over 20 years the monthly mortgage payment is about 572 €, against an expected local rent of 1,748 €. The rent covers the whole payment (305%).

This property is advertised in 2 offers from 2 different sellers. The gap between the cheapest and the dearest is 1,000 €. It has been listed for 357 days.

Source: Market statistics for houses in Manastirski Rid

Pros and cons

AI summary
Pros
  • good access
  • sea view
  • parking
  • close to nature
Cons
  • needs renovation

Layout

  • kitchen
  • living room
  • bedroom
  • bedroom
  • room
  • room

Amenities

  • With Parking
  • Access Control
  • 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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