+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
Sale117,000 €1,950 €/m²
Expected rent411 € /mo
AT MARKET LEVEL
fairly priced
against the median for 2-room apartments in Galata (82 properties)
Area
60 m²
Floor
4 / 6
Construction
Brick
Year
2009
Yield analysis
Fair investment rating
Monthly payment519 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 79% of the payment — you top up about 108 €/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.
Price history
2 changes since listing▼ 3.3% · 4,000 €
- 121,000 €
- 115,000 €▼ 6,000 € (5%)
- 117,000 €▲ 2,000 € (1.7%)
Property analysis
This apartment is priced at the typical price (the median) for 2-room apartments in Galata (82 properties) — 1,950 €/m² against 1,775 €/m².
Two-room apartment in Varna city, Galata district, located on the 4th floor of 6 in a brick building from 2009 with an elevator.
The layout includes entrance hall, living room with kitchen, bedroom, utility room, storage room and terrace with southwest aspect, providing good natural light.
The building is of quality construction, with all necessary amenities available, including an elevator and free parking around it.
The location is quiet and peaceful, with easy access to the sea and bus stops, facilitating movement around the city.
Suitable property for living with a balanced combination of comfort and functionality close to the seaside.
With 20% down over 20 years the monthly mortgage payment is about 519 €, against an expected local rent of 411 €. The rent covers 79% of it.
The asking price has fallen by 4,000 € (3.3%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- southwest aspect
- elevator
- close to the sea
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- entrance hall
- living room
- bedroom
- utility room
- storage room
- terrace
Amenities
- Elevator
Exposure
AI summarySSouth
Maximum sunlight throughout the day
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Rooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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