−26% below market
median 1,541 €/m² for comparable properties
130,000 € 1,140 €/m²
Rent covers ~ 303% of the payment
~ 1,746 €/mo rent · pays for itself in ~ 6 yrs
Sale70,000 €875 €/m²
Expected rent1,746 € /mo
~53,500 € BELOW MARKET
far below market
against the median for houses in Perchemliyata (19 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
80 m²
Land Area
640 m²
Construction
Brick
Year
1993
Yield analysis
Strong investment rating
Monthly payment311 €20% down payment · 20 yrs · 3%
Expected rent1,746 €at market conditions for the neighbourhood
The rent covers 562% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 3 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 53,500 € below the typical price (the median) for houses in Perchemliyata (19 properties) — 875 €/m² against 1,541 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
House with an area of 80 sq m, located in m-t Perchemliyata, Varna.
The layout includes several rooms on two floors, with the second floor offering a panoramic sea view.
The building was constructed in 1993 from brick and requires renovation or demolition, but has two electricity and water connections.
The property includes a yard with rich vegetation, providing tranquility and an opportunity for relaxation in nature.
The location is quiet, suitable for people seeking proximity to nature and opportunities for expansion with additional plots nearby.
The overall characteristics make the property suitable for reconstruction or new-build with potential for family use and investment.
With 20% down over 20 years the monthly mortgage payment is about 311 €, against an expected local rent of 1,746 €. The rent covers the whole payment (562%).
Pros and cons
AI summaryPros
- sea view
- two electricity and water connections
- yard with plants
- expansion potential
Cons
- needs renovation
- older construction
Amenities
- With Parking
- Needs Renovation
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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median 1,541 €/m² for comparable properties
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Rent covers ~ 336% of the payment
~ 1,746 €/mo rent · pays for itself in ~ 6 yrs
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At market level
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No yield data
Appears once there's enough market data
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At market level
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No yield data
Appears once there's enough market data
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median 1,541 €/m² for comparable properties
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At market level
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No yield data
Appears once there's enough market data