+13% above market
median 1,979 €/m² for comparable properties
67,000 € 2,233 €/m²
Rent covers ~ 291% of the payment
~ 864 €/mo rent · pays for itself in ~ 6 yrs
Sale67,000 €2,233 €/m²
Expected rent864 € /mo
~7,500 € ABOVE MARKET
above market
against the median for 1-room apartments in Galata (25 properties)
Area
30 m²
Floor
3 / 4
Construction
Brick
Year
2021
Yield analysis
Strong investment rating
Monthly payment297 €20% down payment · 20 yrs · 3%
Expected rent864 €at market conditions for the neighbourhood
The rent covers 291% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 6 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This apartment is priced about 7,500 € above the typical price (the median) for 1-room apartments in Galata (25 properties) — 2,233 €/m² against 1,979 €/m².
One-room apartment with an area of 30 sq m, located in the Galata district, Varna city. The property is on the third floor of a brick building from 2021 with a total of four floors.
The layout includes one room and a bathroom with toilet, and the apartment also has a balcony. The apartment is unfurnished, allowing for interior customization according to the buyer's needs.
The building is new-build with Act 16, heating is electric, and available utilities include electricity, water, and sewage. The property has been renovated and features a lockable entrance for security.
Galata district is preferred for its tranquility and proximity to the sea, offering conveniences for daily living and good connection to Varna city center.
This property is suitable for those seeking a compact home near the seaside with the possibility to adapt the interior space.
With 20% down over 20 years the monthly mortgage payment is about 297 €, against an expected local rent of 864 €. The rent covers the whole payment (291%).
Pros and cons
AI summaryPros
- new-build
- southeast aspect
- balcony
- renovated
Cons
- unfurnished
- electric heating
Details
- Category
- Residential
- Rooms
- 1
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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