−18% below market
median 1,662 €/m² for comparable properties
220,000 € 1,366 €/m²
Rent covers ~ 179% of the payment
~ 1,748 €/mo rent · pays for itself in ~ 10 yrs
Sale255,000 €1,634 €/m²
Expected rent1,748 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Rakitnika (14 properties)
Area
156 m²
Land Area
600 m²
Construction
Brick
Year
2008
Heating
Local Heating
Yield analysis
Strong investment rating
Monthly payment1,131 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 155% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 at the typical price (the median) for houses in Rakitnika (14 properties) — 1,634 €/m² against 1,662 €/m².
House in m-t Rakitnika, Varna city, located in a quiet and green area. The property has a built-up area of 156 sq m and a private yard of 600 sq m.
The layout includes three levels: ground floor with fireplace, kitchenette and sauna; first and second residential floors with living rooms, kitchens, two bedrooms each and sanitary facilities. An external staircase allows separate use of the two residential floors.
The construction is brick from 2008, and the property has all necessary amenities and a parking space in the yard.
The area offers tranquility, fresh air and proximity to the sea, with easy access to the beaches of Galata and Rakitnika, as well as to the centre of Varna.
Suitable for families or for use by two separate households thanks to the functional layout and additional living options.
With 20% down over 20 years the monthly mortgage payment is about 1,131 €, against an expected local rent of 1,748 €. The rent covers the whole payment (155%).
Pros and cons
AI summaryPros
- functional layout
- private yard
- parking space
- Finnish sauna
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- room
- kitchen
- sauna
- storage
- bathroom
- toilet
- living room
- bedroom
- bedroom
- sanitary facility
- living room
- bedroom
- bedroom
- sanitary facility
Amenities
- With Parking
Exposure
AI summarySSouth
Maximum sunlight throughout the day
NNorth
Even light, cooler during summer
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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