−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
Sale190,000 €2,111 €/m²
Expected rent1,799 € /mo
~42,000 € ABOVE MARKET
overpriced
against the median for houses in Manastirski Rid (72 properties)
Area
90 m²
Land Area
796 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment843 €20% down payment · 20 yrs · 3%
Expected rent1,799 €at market conditions for the neighbourhood
The rent covers 213% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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 42,000 € above the typical price (the median) for houses in Manastirski Rid (72 properties) — 2,111 €/m² against 1,644 €/m².
The house is located in a quiet and green area of Manastirski Rid, Varna city.
The layout includes 3 bedrooms, living room, kitchen, 2 bathrooms with toilets, laundry room, basement and spacious terrace with sea view.
The building is brick, in good condition with PVC windows and secured windows. The property has electricity and water accounts.
The yard is flat, sunny with an area of 796 sq m, includes a maintained vineyard and a garage with access from two streets. The area is peaceful, close to resort complexes and urban infrastructure.
The property is suitable both for year-round living and as a holiday home with potential for additional construction.
With 20% down over 20 years the monthly mortgage payment is about 843 €, against an expected local rent of 1,799 €. The rent covers the whole payment (213%).
Pros and cons
AI summaryPros
- sea view
- functional layout
- garage
- large yard
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Amenities
- With Parking
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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