−18% below market
median 2,009 €/m² for comparable properties
310,000 € 1,648 €/m²
Rent covers ~ 152% of the payment
~ 2,092 €/mo rent · pays for itself in ~ 12 yrs
Sale550,000 €2,500 €/m²
Expected rent2,092 € /mo
~108,000 € ABOVE MARKET
overpriced
against the median for houses in Sveti Nikola (38 properties)
Area
220 m²
Construction
Brick
Year
2024
Yield analysis
Fair investment rating
Monthly payment2,440 €20% down payment · 20 yrs · 3%
Expected rent2,092 €at market conditions for the neighbourhood
The rent covers 86% of the payment — you top up about 348 €/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 108,000 € above the typical price (the median) for houses in Sveti Nikola (38 properties) — 2,500 €/m² against 2,009 €/m².
House in Varna city, Sveti Nikola district, with sea view and private yard.
The layout includes a living area of 50 sq m, a large terrace of 30 sq m, three bedrooms of 20.5 sq m each, a master bedroom with en-suite bathroom, and additional rooms such as a pantry, storage, and laundry room.
The construction is brick, finished turnkey in 2024, with Act 16 and access control. Two parking spaces are provided in the yard.
The location is close to a bus stop and Kubcheto Park, offering quietness and tranquility near nature.
The property is suitable for family living with amenities for comfortable life and the possibility to expand the bedrooms.
With 20% down over 20 years the monthly mortgage payment is about 2,440 €, against an expected local rent of 2,092 €. The rent covers 86% of it.
Pros and cons
AI summaryPros
- sea view
- functional layout
- two parking spaces
- new-build
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living area 50 sq m
- bedroom 20.5 sq m
- bedroom 20.5 sq m
- bedroom 20.5 sq m
- master bedroom
- laundry room
Amenities
- With Parking
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 2,009 €/m² for comparable properties
485,000 € 2,136 €/m²
Rent covers ~ 97% of the payment
~ 2,092 €/mo rent · you top up ~ 60 €/mo
−17% below market
median 2,009 €/m² for comparable properties
585,000 € 1,671 €/m²
Rent covers ~ 81% of the payment
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−17% below market
median 2,009 €/m² for comparable properties
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431,000 € 1,436 €/m²
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At market level
median 2,009 €/m² for comparable properties
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Rent covers ~ 69% of the payment
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median 2,009 €/m² for comparable properties
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