+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 €2,161 €/m²
Expected rent864 € /mo
AT MARKET LEVEL
fairly priced
against the median for 1-room apartments in Galata (25 properties)
Area
31 m²
Floor
3 / 4
Construction
Brick
Year
2014
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 at the typical price (the median) for 1-room apartments in Galata (25 properties) — 2,161 €/m² against 1,979 €/m².
Studio apartment with an area of 31 sq m, located in the district of Galata, Varna. It is situated on the third floor of a four-storey brick building, built in 2014.
The layout includes an entrance hall, bathroom with toilet, living room with kitchenette, and a terrace with south aspect and sea view.
The building has no elevator, but the apartment is on a middle floor and is finished turnkey with air conditioning. The property also includes a basement of 5.57 sq m.
The location offers tranquility and free parking near the seaside and natural areas.
Suitable for those seeking a compact home close to the sea with a functional layout and view.
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
- south aspect
- sea view
- basement included
- air conditioning
Cons
- no elevator
Exposure
AI summarySSouth
Maximum sunlight throughout the day
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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