+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
Sale167,999 €2,024 €/m²
Expected rent411 € /mo
~21,000 € ABOVE MARKET
above market
against the median for 2-room apartments in Galata (82 properties)
Area
83 m²
Floor
1 / 5
Construction
Brick
Year
2019
Yield analysis
Low investment rating
Monthly payment745 €20% down payment · 20 yrs · 3%
Expected rent411 €at market conditions for the neighbourhood
The rent covers 55% of the payment — you top up about 334 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 34 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▼ 7.7% · 14,000 €
- 181,999 €
- 169,999 €▼ 12,000 € (6.6%)
- 167,999 €▼ 2,000 € (1.2%)
- 165,999 €▼ 2,000 € (1.2%)
- 167,999 €▲ 2,000 € (1.2%)
Property analysis
This apartment is priced about 21,000 € above the typical price (the median) for 2-room apartments in Galata (82 properties) — 2,024 €/m² against 1,769 €/m².
Two-room apartment with an area of 83 sq m, located on the first floor of a brick building from 2019 in the district of Galata, Varna.
The property offers a functional layout with a large living room with kitchenette, bedroom, storage room, bathroom with toilet, and direct access to green outdoor space - a small garden in front of the apartment.
The building is new, with quality brick construction and has an elevator. The apartment is on the first floor of five, providing convenient access.
The district is quiet and peaceful, located in the central part of Galata, away from city noise, contributing to a comfortable living environment.
The property is suitable for people seeking a balance between the convenience of an apartment and the feeling of a house with a small garden.
With 20% down over 20 years the monthly mortgage payment is about 745 €, against an expected local rent of 411 €. The rent covers 55% of it.
The asking price has fallen by 14,000 € (7.7%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- new brick building
- elevator
- garden
Cons
- ground 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, and why has it not sold yet?
Because: The price has been cut 3 times — about 8% below the original asking price.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.
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
Amenities
- Elevator
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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