+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
Sale399,000 €2,912 €/m²
Expected rent1,007 € /mo
~155,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Galata (83 properties)
Area
137 m²
Floor
1 / 5
Construction
Brick
Year
2023
Yield analysis
Low investment rating
Monthly payment1,770 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 57% of the payment — you top up about 763 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 33 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 155,500 € above the typical price (the median) for 3-room apartments in Galata (83 properties) — 2,912 €/m² against 1,778 €/m².
3-room apartment in Galata district, Varna, located on the 2nd floor of a new brick building from 2023 with a total area of 137 sq m.
Layout: large living room with kitchen area (59.41 sq m), two bedrooms, two bathrooms, and a terrace with sea view.
The building has a modern appearance, access control, elevator, and well-maintained yard. Quality materials such as 6-chamber REHAU PVC windows and thermal insulation have been used.
The location is close to the center of Galata, a school, bus stop, and about 80 meters from the beach.
The property is suitable for people seeking a spacious and functional home with amenities and proximity to the sea.
With 20% down over 20 years the monthly mortgage payment is about 1,770 €, against an expected local rent of 1,007 €. The rent covers 57% of it.
Pros and cons
AI summaryPros
- sea view
- two parking spaces
- quality materials
- new-build
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 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 59.41
- bedroom 14.65
- bedroom 9.27
Amenities
- Elevator
- Access Control
- With Parking
- Renovated
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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