−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
Sale97,500 €1,500 €/m²
Expected rent411 € /mo
~17,000 € BELOW MARKET
good value
against the median for 2-room apartments in Galata (81 properties)
Area
65 m²
Floor
0 / 4
Construction
Brick
Year
2027
Yield analysis
Fair investment rating
Monthly payment433 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 95% of the payment — you top up about 22 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 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 17,000 € below the typical price (the median) for 2-room apartments in Galata (81 properties) — 1,500 €/m² against 1,758 €/m².
The offered property is a 2-room apartment with an area of 65 sq m, located in the Galata district, Varna city. The apartment is on the ground floor of a four-storey brick building, constructed in 2027. The layout includes an entrance hall, living room with kitchen and dining area, bedroom, bathroom with toilet, and a utility room, providing functional use of the space. The building has an elevator and will be finished to BDS standards, ensuring construction quality and modern materials. The location is quiet and peaceful, about 450 meters from the beach, suitable for those seeking proximity to the sea. The property is suitable for use as a holiday home or permanent residence with convenient access to the seaside and a calm environment.
With 20% down over 20 years the monthly mortgage payment is about 433 €, against an expected local rent of 411 €. The rent covers 95% of it.
Pros and cons
AI summaryPros
- functional layout
- brick construction
- elevator
- close to the sea
Cons
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 15% below the average for comparable properties.
Has Act 16 been issued, and what guarantees cover the common parts?
Because: The building dates from 2027.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- entrance hall
- living room with kitchen and dining area
- bedroom
- bathroom with toilet
- utility room
Amenities
- Elevator
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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