+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
Sale143,000 €2,344 €/m²
Expected rent411 € /mo
~35,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Galata (82 properties)
Area
61 m²
Floor
3 / 4
Construction
Brick
Year
2023
Yield analysis
Low investment rating
Monthly payment634 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 65% of the payment — you top up about 223 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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 35,000 € above the typical price (the median) for 2-room apartments in Galata (82 properties) — 2,383 €/m² against 1,769 €/m².
2-room apartment in Varna city, Galata district, located in a gated complex. The property is on the third floor of a four-storey building with an elevator.
The layout includes an entrance hall, living room with kitchenette, bedroom, bathroom with toilet, and terrace. The apartment also has an adjoining basement.
The building is new-build from 2023, constructed with brick materials and offers amenities such as elevator, video surveillance, and controlled access.
The location is in Galata district, within a gated complex with common areas including barbecue zone, children's playground, and swimming pool. A parking space is included in the price.
The property is suitable for people seeking a functional residential option in a secured environment with additional amenities.
With 20% down over 20 years the monthly mortgage payment is about 634 €, against an expected local rent of 411 €. The rent covers 65% of it.
Pros and cons
AI summaryPros
- functional layout
- new-build
- elevator and video surveillance
- parking space included
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- bedroom
- bathroom
Amenities
- Elevator
- With Parking
- Video Surveillance
- Access Control
- Gated Community
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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