+28% above market
median 1,769 €/m² for comparable properties
119,990 € 2,263 €/m²
Rent covers ~ 77% of the payment
~ 411 €/mo rent · you top up ~ 121 €/mo
Sale67,000 €1,810 €/m²
Expected rent843 € /mo
~6,500 € BELOW MARKET
good value
against the median for 1-room apartments in Galata (26 properties)
Area
37 m²
Floor
3 / 4
Construction
Brick
Year
2015
Yield analysis
Strong investment rating
Monthly payment297 €20% down payment · 20 yrs · 3%
Expected rent843 €at market conditions for the neighbourhood
The rent covers 284% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 7 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 6,500 € below the typical price (the median) for 1-room apartments in Galata (26 properties) — 1,810 €/m² against 1,993 €/m².
One-room apartment in Varna city, Galata district, located on the third floor of a four-storey building.
The layout includes an entrance hall, bathroom with toilet, living room with kitchenette and terrace with a south aspect and sea view.
The property was built in 2015 with brick construction and is offered finished and ready to move in, equipped with air conditioning. The property also includes a basement of 5.57 sq m.
The location is close to the sea coast, in a quiet part of the district with options for free parking.
The property is suitable for independent living or as an investment for rental, combining convenience and functionality.
With 20% down over 20 years the monthly mortgage payment is about 297 €, against an expected local rent of 843 €. The rent covers the whole payment (284%).
Pros and cons
AI summaryPros
- south aspect
- sea view
- basement included
- air conditioning
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- one-room 30.17 sq m
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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