+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
Sale126,900 €2,080 €/m²
Expected rent411 € /mo
~18,500 € ABOVE MARKET
above market
against the median for 2-room apartments in Galata (82 properties)
Area
61 m²
Floor
2 / 4
Construction
Brick
Year
2009
Yield analysis
Low investment rating
Monthly payment563 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 73% of the payment — you top up about 152 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 5% · 7,000 €
- 139,000 €
- 132,000 €▼ 7,000 € (5%)
Property analysis
This apartment is priced about 18,500 € above the typical price (the median) for 2-room apartments in Galata (82 properties) — 2,080 €/m² against 1,775 €/m².
Two-room apartment in the Galata district, Varna city, located on the second floor of a four-storey brick building from 2009. The property has an area of 61 sq m, including a terrace and a basement storage room.
The layout includes a living room with kitchenette and access to the terrace, bedroom, corridor, bathroom with toilet, and storage room, providing functional use of the space.
The building is brick, with PVC windows, new interior doors and lighting fixtures, and the apartment is finished turnkey with laminate and ceramic tiles as floor coverings.
The location is close to the seaside, park, school, supermarket, and public transport stop, offering convenience and accessibility.
The property is suitable both for living and investment due to its proximity to the beach and availability of a parking space.
With 20% down over 20 years the monthly mortgage payment is about 563 €, against an expected local rent of 411 €. The rent covers 73% of it.
The asking price has fallen by 7,000 € (5%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- south/west aspect
- parking space
- close to the sea
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate?
Because: The price has been cut once, by about 5%.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room with kitchenette (23 sq m)
- bedroom (12 sq m)
- corridor (6 sq m)
- bathroom with toilet (4.5 sq m)
- storage room (1 sq m)
Exposure
AI summarySSouth
Maximum sunlight throughout the day
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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