+28% above market
median 1,775 €/m² for comparable properties
119,990 € 2,263 €/m²
Rent covers ~ 77% of the payment
~ 411 €/mo rent · you top up ~ 121 €/mo
Sale113,000 €1,948 €/m²
Expected rent411 € /mo
AT MARKET LEVEL
fairly priced
against the median for 2-room apartments in Galata (82 properties)
Area
58 m²
Floor
1 / 5
Construction
Brick
Year
2027
Yield analysis
Fair investment rating
Monthly payment501 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 82% of the payment — you top up about 90 €/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 apartment is priced at the typical price (the median) for 2-room apartments in Galata (82 properties) — 1,948 €/m² against 1,775 €/m².
Two-room apartment with an area of 58 sq m in the district of Galata, Varna. The property is located on the first floor of a newly constructed five-storey building.
The layout includes functional rooms with an individual yard of 18 sq m, providing additional outdoor space. The price includes a parking space, adding convenience for parking.
The building is brick-built, at Act 14 stage, equipped with an elevator, and is being constructed by a reputable builder with experience. Modern execution and quality materials are expected.
The location is quiet and peaceful, suitable for living, with good infrastructure and access to urban amenities.
The property is suitable for family use or investment, combining functionality and comfort in a preferred area.
With 20% down over 20 years the monthly mortgage payment is about 501 €, against an expected local rent of 411 €. The rent covers 82% of it.
Pros and cons
AI summaryPros
- functional layout
- individual yard
- parking space included
- new-build
Cons
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has Act 16 been issued, and what guarantees cover the common parts?
Because: The building dates from 2027.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- bedroom
- living room
Amenities
- Elevator
- With Parking
- Renovated
Details
- Category
- Residential
- Rooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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