+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
Sale179,900 €2,167 €/m²
Expected rent1,007 € /mo
~32,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Galata (83 properties)
Area
83 m²
Floor
5 / 5
Construction
Brick
Yield analysis
Good investment rating
Monthly payment798 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 126% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 32,500 € above the typical price (the median) for 3-room apartments in Galata (83 properties) — 2,167 €/m² against 1,778 €/m².
Three-room apartment in the Galata district, Varna city, located on the top floor. The property has an area of 83 sq m and offers views of the sea and the city.
The layout includes a spacious living area with kitchen section, two separate bedrooms, and a large terrace around the entire apartment. The entrance hall and bathroom with toilet complete the functionality.
The building is brick-built and has an elevator, which facilitates access to the fifth floor. The property is finished turnkey and ready for use.
Galata district is well developed and offers nearby amenities while providing tranquility and beautiful sea views.
Suitable both for permanent residence and as an investment, with the possibility of a parking space and easy access to urban infrastructure.
With 20% down over 20 years the monthly mortgage payment is about 798 €, against an expected local rent of 1,007 €. The rent covers the whole payment (126%).
Pros and cons
AI summaryPros
- south/east aspect
- large terrace
- elevator
- sea view
Cons
- top floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living area
- bedroom
- bedroom
Amenities
- Elevator
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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