At market level
median 1,967 €/m² for comparable properties
207,000 € 2,070 €/m²
Rent covers ~ 191% of the payment
~ 1,758 €/mo rent · pays for itself in ~ 10 yrs
Sale169,990 €1,416 €/m²
Expected rent1,758 € /mo
~66,000 € BELOW MARKET
good value
against the median for houses in Mentesheto (8 properties)
Area
120 m²
Land Area
100 m²
Construction
Brick
Year
2027
Yield analysis
Strong investment rating
Monthly payment754 €20% down payment · 20 yrs · 3%
Expected rent1,758 €at market conditions for the neighbourhood
The rent covers 233% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 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 66,000 € below the typical price (the median) for houses in Mentesheto (8 properties) — 1,416 €/m² against 1,967 €/m².
House with an area of 120 sq m, located in m-t Mentesheto, near the city of Varna.
The layout includes a living room with kitchen area, 4 bedrooms, bathroom with toilet, toilet and storage room, providing functional use of the space.
The construction is brick and the building is at pre-Act 14 stage, which implies the need for finishing works and completion of the construction process.
The location is close to the main road to Aksakovo and just a few minutes by car from the center of Varna, ensuring convenient access to urban infrastructure.
The property is suitable for family use with the possibility of finishing according to personal preferences.
With 20% down over 20 years the monthly mortgage payment is about 754 €, against an expected local rent of 1,758 €. The rent covers the whole payment (233%).
Pros and cons
AI summaryPros
- functional layout
- close to city
- yard
- brick construction
Cons
- pre-Act 14
- needs finishing works
Layout
- bedroom
- bedroom
- bedroom
- bedroom
- living room
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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