+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
Sale116,000 €1,681 €/m²
Expected rent411 € /mo
AT MARKET LEVEL
fairly priced
against the median for 2-room apartments in Galata (82 properties)
Area
69 m²
Floor
2 / 6
Construction
Brick
Year
2010
Yield analysis
Fair investment rating
Monthly payment515 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 80% of the payment — you top up about 104 €/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▼ 12.1% · 15,900 €
- 131,900 €
- 126,000 €▼ 5,900 € (4.5%)
- 116,000 €▼ 10,000 € (7.9%)
Property analysis
This apartment is priced at the typical price (the median) for 2-room apartments in Galata (82 properties) — 1,681 €/m² against 1,769 €/m².
The apartment is located in the Galata district, Varna city, on the second floor of a 2010 brick building. The layout includes a corridor, spacious living room with built-in kitchenette, large bedroom, terrace accessible from both rooms, bathroom with toilet, and storage room. The building has an elevator and well-maintained common areas, and the property includes a parking space in a covered parking lot. The location is convenient, with easy access to the beach, public transport, and essential amenities in the district. The property is suitable for both permanent residence and a holiday home, combining seaside living with urban conveniences.
With 20% down over 20 years the monthly mortgage payment is about 515 €, against an expected local rent of 411 €. The rent covers 80% of it.
The asking price has fallen by 15,900 € (12.1%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- parking space
- elevator
- close to 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, and why has it not sold yet?
Because: The price has been cut 2 times — about 12% below the original asking price.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living room
- bedroom
- terrace
- bathroom
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 2
- Bathrooms
- 1
- Furnishing
- Yes
Location
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