At market level
median 1,917 €/m² for comparable properties
980,000 € 1,960 €/m²
Rent covers ~ 40% of the payment
~ 1,748 €/mo rent · you top up ~ 2,600 €/mo
Sale470,000 €1,740 €/m²
Expected rent1,748 € /mo
~47,500 € BELOW MARKET
good value
against the median for houses in Varna (1,031 properties)
Area
270 m²
Land Area
50 m²
Construction
Brick
Year
1950
Yield analysis
Fair investment rating
Monthly payment2,085 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 84% of the payment — you top up about 337 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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 47,500 € below the typical price (the median) for houses in Varna (1,031 properties) — 1,740 €/m² against 1,917 €/m².
House with two floors, an attic, and a garage, located in the Opera area, Varna. The property has a total area of 270 sq m and a yard of 50 sq m.
The layout includes two floors and an attic, with the interior condition requiring full renovation or demolition. The garage is part of the property.
The building was constructed in 1955 from brick with timber window frames, indicating a need for structural and installation updates.
The location is central, close to key urban amenities and transport connections.
The property is suitable for investors or reconstruction for residential or business use, requiring significant investment and planning.
With 20% down over 20 years the monthly mortgage payment is about 2,085 €, against an expected local rent of 1,748 €. The rent covers 84% of it.
Pros and cons
AI summaryPros
- garage
- central location
Cons
- needs full renovation
- old construction
- small yard
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.