median 1,775 €/m² for comparable properties
Rent covers ~ 77% of the payment
~ 411 €/mo rent · you top up ~ 121 €/mo
~76,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Galata (83 properties)
Fair investment rating
The rent covers 104% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This apartment is priced about 76,500 € above the typical price (the median) for 3-room apartments in Galata (83 properties) — 2,736 €/m² against 1,778 €/m².
This 3-room apartment is located in the Galata district, Varna city, in a brick building from 2014. The apartment is on the ground floor of a total of 6 floors, providing convenient access and direct exit to the yard.
The layout includes a large living room divided into zones, with access to a private yard of 230 sq m. The apartment has a large bedroom with access to the yard, an office that can be converted into a second bedroom, as well as a bathroom with toilet.
The construction is brick, and heating is provided by a fireplace with air ducts, infrared heaters, and air conditioners, ensuring flexible and efficient temperature control. The yard is well arranged with diverse vegetation, barbecue area, jacuzzi, storage room, and a pond contributing to comfort and tranquility.
The location is convenient, close to a main boulevard, shops, school, and bus stop, and the building has well-maintained common areas. The property also includes a parking space in the inner yard.
The apartment is offered fully furnished and equipped, making it ready to move in without additional investments. This is a practical solution for a family seeking comfort and functionality in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 971 €, against an expected local rent of 1,007 €. The rent covers the whole payment (104%).
The asking price has fallen by 11,000 € (4.8%) since it was first listed.
Derived 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 5% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 221 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,775 €/m² for comparable properties
Rent covers ~ 77% of the payment
~ 411 €/mo rent · you top up ~ 121 €/mo
median 1,993 €/m² for comparable properties
Rent covers ~ 284% of the payment
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median 1,778 €/m² for comparable properties
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median 1,778 €/m² for comparable properties
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~ 1,007 €/mo rent · pays for itself in ~ 11 yrs
median 1,993 €/m² for comparable properties
Rent covers ~ 257% of the payment
~ 843 €/mo rent · pays for itself in ~ 7 yrs
median 1,993 €/m² for comparable properties
Rent covers ~ 284% of the payment
~ 843 €/mo rent · pays for itself in ~ 7 yrs
median 1,775 €/m² for comparable properties
Rent covers ~ 72% of the payment
~ 411 €/mo rent · you top up ~ 160 €/mo
median 1,775 €/m² for comparable properties
Rent covers ~ 56% of the payment
~ 411 €/mo rent · you top up ~ 321 €/mo