−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
Sale143,800 €2,357 €/m²
Expected rent411 € /mo
~36,500 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Galata (81 properties)
Area
61 m²
Floor
4 / 4
Construction
Brick
Year
2020
Yield analysis
Low investment rating
Monthly payment638 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 64% of the payment — you top up about 227 €/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.
Price history
1 change since listing▼ 2.8% · 4,100 €
- 147,900 €
- 143,800 €▼ 4,100 € (2.8%)
Property analysis
This apartment is priced about 36,500 € above the typical price (the median) for 2-room apartments in Galata (81 properties) — 2,357 €/m² against 1,758 €/m².
The apartment is located in Varna city, Galata district. The property has a floor area of 61 sq m and is situated on the top, 4th floor of a brick building from 2020 with an elevator. The layout includes a living room, bedroom, entrance hall, bathroom with toilet, and a terrace with sea view. The building is new, with quality construction and well-maintained common areas. Nearby there is a public transport stop, shops, a school, and a kindergarten. The property is suitable for people seeking convenience and proximity to the sea with parking availability.
With 20% down over 20 years the monthly mortgage payment is about 638 €, against an expected local rent of 411 €. The rent covers 64% of it.
The asking price has fallen by 4,100 € (2.8%) since it was first listed.
Pros and cons
AI summaryPros
- sea view
- parking space included
- new-build
- elevator
Cons
- top floor
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 3%.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
Is there enough daylight during the day?
Because: The advertised exposure has no southern side.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- entrance hall
- bathroom
- terrace
Amenities
- Elevator
- With Parking
Exposure
AI summaryEEast
Morning sun, cooler afternoons
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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