+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
Sale160,000 €1,951 €/m²
Expected rent1,007 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Galata (83 properties)
Area
82 m²
Floor
2 / 4
Construction
Brick
Year
2023
Yield analysis
Good investment rating
Monthly payment710 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 142% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 at the typical price (the median) for 3-room apartments in Galata (83 properties) — 1,951 €/m² against 1,778 €/m².
Three-room apartment in a new brick building from 2023 in the district of Galata, Varna. The property is located on the second floor of a four-storey building.
The property features a functional layout: entrance hall, corridor, bright living room with kitchen area and access to a terrace, two separate bedrooms, one with access to a balcony, storage room and bathroom with toilet.
The building is of quality construction, commissioned, with underfloor heating and maintained common areas.
The area offers good infrastructure, regular public transport, shops and eateries, providing convenience for daily life.
The property is suitable for permanent residence or investment, combining comfort and practicality.
With 20% down over 20 years the monthly mortgage payment is about 710 €, against an expected local rent of 1,007 €. The rent covers the whole payment (142%).
Pros and cons
AI summaryPros
- functional layout
- new building with Act 16
- underfloor heating
- terrace and balcony
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- entrance hall
- corridor
- living room
- bedroom
- bedroom
- storage room
- bathroom
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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