−16% below market
median 1,759 €/m² for comparable properties
225,000 € 1,470 €/m²
Rent covers ~ 104% of the payment
~ 1,034 €/mo rent · pays for itself in ~ 18 yrs
Sale119,990 €2,263 €/m²
Expected rent411 € /mo
~27,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Galata (81 properties)
Area
53 m²
Floor
2 / 6
Construction
Brick
Year
2009
Yield analysis
Fair investment rating
Monthly payment532 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 77% of the payment — you top up about 121 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 27,000 € above the typical price (the median) for 2-room apartments in Galata (81 properties) — 2,263 €/m² against 1,758 €/m².
Two-room apartment in the city of Varna, district Galata, with a total area of 53 sq m. The property is located on the second floor of a brick building from 2009 with an elevator.
The layout includes two rooms, one bedroom, a balcony, and a bathroom with toilet, providing functional use of the space.
The building is constructed with brick materials and offers all necessary amenities for comfortable living, including an elevator.
The Galata district offers a quiet residential environment with convenient access to the sea coast, shops, and public transport.
The property is suitable for permanent residence or investment, combining the conveniences of the city with the quieter atmosphere of the area.
With 20% down over 20 years the monthly mortgage payment is about 532 €, against an expected local rent of 411 €. The rent covers 77% of it.
Pros and cons
AI summaryPros
- functional layout
- brick construction
- elevator
- balcony
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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