+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
Sale160,000 €1,904 €/m²
Expected rent1,007 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Galata (83 properties)
Area
84 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) — 1,904 €/m² against 1,778 €/m².
Three-room apartment in the district of Galata, city of Varna, built in 2023 with Act 16.
The layout includes a living area with kitchenette and access to a terrace, two bedrooms, one of which also has access to a terrace, a bathroom with toilet, storage room, and entrance hall.
The property is in a brick building on the second floor of four and is ready to move in with an installed kitchen and equipped bathroom.
The location offers convenient access to stops, schools, and commercial facilities, making it suitable for family use or investment.
The property combines functional layout and modern construction, providing comfort and convenience in an urban environment.
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 brick building
- terrace
- ready to move in
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living area
- bedroom
- bedroom
Amenities
- Access Control
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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