+58% above market
median 1,541 €/m² for comparable properties
117,000 € 2,437 €/m²
Rent covers ~ 338% of the payment
~ 1,755 €/mo rent · pays for itself in ~ 6 yrs
Sale130,000 €1,140 €/m²
Expected rent1,755 € /mo
~45,500 € BELOW MARKET
good value
against the median for houses in Perchemliyata (19 properties)
Area
114 m²
Land Area
600 m²
Construction
Modular Construction
Year
2023
Yield analysis
Strong investment rating
Monthly payment577 €20% down payment · 20 yrs · 3%
Expected rent1,755 €at market conditions for the neighbourhood
The rent covers 304% 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 about 45,500 € below the typical price (the median) for houses in Perchemliyata (19 properties) — 1,140 €/m² against 1,541 €/m².
The property consists of two houses on one plot in m-t Perchemliyata, Varna city.
The layout includes a larger house with a living room, kitchenette, two bedrooms, and a bathroom with toilet, as well as a smaller house with a living room, bedroom, and bathroom with toilet.
The construction is modular from 2023, with good insulation and siding as external cladding. Utility connections for electricity and water are available.
The location is about 2.5 km from Aladzha Monastery with mostly asphalt road access. The plot area is 600 sq m.
The property is suitable for people seeking a home close to nature with the possibility to create separate living spaces on one property.
With 20% down over 20 years the monthly mortgage payment is about 577 €, against an expected local rent of 1,755 €. The rent covers the whole payment (304%).
Pros and cons
AI summaryPros
- two houses on one plot
- new construction
- good insulation
- utility connections for electricity and water
Cons
- needs finishing
- modular construction
Layout
- living room
- kitchenette
- bedroom
- bedroom
- bathroom
- corridor
- living room
- bedroom
- bathroom
Details
- Category
- Residential
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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