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
Sale135,000 €1,500 €/m²
Expected rent1,799 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Manastirski Rid (71 properties)
Area
90 m²
Land Area
663 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment599 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 300% 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.
Price history
2 changes since listing▲ 12.5% · 15,000 €
- 120,000 €
- 130,000 €▲ 10,000 € (8.3%)
- 135,000 €▲ 5,000 € (3.8%)
Property analysis
This house is priced at the typical price (the median) for houses in Manastirski Rid (71 properties) — 1,500 €/m² against 1,600 €/m².
House with three floors and a total area of about 90 sq m, located in m-t Manastirski rid, Varna city.
The layout includes two rooms on the first floor, two rooms on the second, and one large space on the third floor, offering a sea view.
The construction is brick, with electricity and water available, as well as a well with a hydrophore. The plot is flat, corner, with a large frontage and an area of 663 sq m.
The location is about 200 meters from the highway, with asphalt access at 50 meters and a bus stop within 5 minutes on foot.
The property is suitable for people seeking tranquility close to nature with potential for development and adaptation according to needs.
With 20% down over 20 years the monthly mortgage payment is about 599 €, against an expected local rent of 1,799 €. The rent covers the whole payment (300%).
The asking price has risen by 15,000 € (12.5%) since it was first listed.
Pros and cons
AI summaryPros
- sea view
- corner plot
- asphalt access
- electricity and water available
Cons
- lack of detailed condition information
- unclear construction age
Layout
- room
- room
- room
- room
- space
Exposure
AI summaryNNorth
Even light, cooler during summer
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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