−15% below market
median 1,941 €/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
Sale585,000 €1,671 €/m²
Expected rent2,092 € /mo
~94,500 € BELOW MARKET
good value
against the median for houses in Sveti Nikola (37 properties)
Area
350 m²
Land Area
370 m²
Floor
3 / 3
Construction
Brick
Year
2027
Yield analysis
Fair investment rating
Monthly payment2,596 €20% down payment · 20 yrs · 3%
Expected rent2,092 €at market conditions for the neighbourhood
The rent covers 81% of the payment — you top up about 504 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 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 94,500 € below the typical price (the median) for houses in Sveti Nikola (37 properties) — 1,671 €/m² against 1,941 €/m².
House with a total area of 350 sq m, located in the Sveti Nikola district, Varna. The property is on three floors with a bonus garage for two cars.
The layout includes a first floor of 110 sq m, a second floor of 123 sq m, and a third floor of 70 sq m, providing functional use of space.
The construction is brick, with an expected completion year of 2027, which implies modern materials and technologies. The property includes parking.
The location offers tranquility, fresh air, and proximity to the center of Varna, the Sea Garden, and the seaside, combining convenience and natural surroundings.
Suitable for year-round living or as a holiday home with good functionality and amenities for a family.
With 20% down over 20 years the monthly mortgage payment is about 2,596 €, against an expected local rent of 2,092 €. The rent covers 81% of it.
Pros and cons
AI summaryPros
- sea view
- garage for two cars
- functional layout
- close to sea
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- floor 1 - 110 sq m
- floor 2 - 123 sq m
- floor 3 - 70 sq m
Amenities
- With Parking
Exposure
AI summaryEEast
Morning sun, cooler afternoons
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
+10% above market
median 1,941 €/m² for comparable properties
485,000 € 2,136 €/m²
Rent covers ~ 97% of the payment
~ 2,092 €/mo rent · you top up ~ 60 €/mo
−14% below market
median 1,941 €/m² for comparable properties
585,000 € 1,671 €/m²
Rent covers ~ 81% of the payment
~ 2,092 €/mo rent · you top up ~ 504 €/mo
At market level
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−26% below market
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Rent covers ~ 109% of the payment
~ 2,092 €/mo rent · pays for itself in ~ 17 yrs
At market level
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−37% below market
median 1,941 €/m² for comparable properties
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At market level
median 1,941 €/m² for comparable properties
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Rent covers ~ 95% of the payment
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