+28% above market
median 1,775 €/m² for comparable properties
119,990 € 2,263 €/m²
Rent covers ~ 77% of the payment
~ 411 €/mo rent · you top up ~ 121 €/mo
Sale174,500 €1,615 €/m²
Expected rent1,007 € /mo
~17,500 € BELOW MARKET
good value
against the median for 3-room apartments in Galata (83 properties)
Area
108 m²
Floor
1 / 4
Construction
Brick
Year
2027
Yield analysis
Good investment rating
Monthly payment774 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 130% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 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 17,500 € below the typical price (the median) for 3-room apartments in Galata (83 properties) — 1,615 €/m² against 1,778 €/m².
Three-room apartment with an area of 108 sq m, located on the first floor in a new brick building in the Galata, Varna district. The property offers a functional layout with a living room, kitchen and dining area, two bedrooms, two bathrooms, and a laundry room. There is a terrace overlooking the sea and the city. The building is new-build from 2027, with an elevator and quality materials such as KÖMMERLING windows and foam insulation. The area is quiet, with good infrastructure and greenery, close to the center of Varna. The apartment is suitable both for permanent residence and as an investment due to its location and modern amenities.
With 20% down over 20 years the monthly mortgage payment is about 774 €, against an expected local rent of 1,007 €. The rent covers the whole payment (130%).
Pros and cons
AI summaryPros
- functional layout
- sea view
- new-build
- parking space included
Cons
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has Act 16 been issued, and what guarantees cover the common parts?
Because: The building dates from 2027.
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
- children's room
- master bedroom
- bathroom
- toilet
- laundry room
- entrance hall
- terrace
Amenities
- Elevator
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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