House with 2 rooms in m-t Pripek, Varna, with a 587 sq m plot.

This house is priced about 43,000 € below the typical price (the median) for houses in Varna (1,023 properties) — 700 €/m² against 1,923 €/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 35 sq m is located in the Pripek area, near the village of Konstantinovo, about 10 km from the center of Varna.

The layout includes an entrance hall and two walk-through rooms, which limits functionality and requires adaptation for more convenient use.

The building is a modular wooden structure from 1980, placed on a concrete stone foundation, with a roof renovated five years ago; the property has electricity but no water supply.

The location is in a year-round residential zone, access is via concrete and dirt roads, and public transport is about 2 km away.

The property is suitable for people seeking proximity to nature with the possibility for renovation and improvements according to their needs.

With 20% down over 20 years the monthly mortgage payment is about 109 €, against an expected local rent of 1,777 €. The rent covers the whole payment (1635%).

Source: Average prices for houses in Varna