+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
Sale232,000 €2,697 €/m²
Expected rent1,007 € /mo
~79,000 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Galata (83 properties)
Area
86 m²
Floor
5 / 5
Construction
Brick
Year
2015
Yield analysis
Fair investment rating
Monthly payment1,029 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 98% of the payment — you top up about 22 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 19 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 79,000 € above the typical price (the median) for 3-room apartments in Galata (83 properties) — 2,697 €/m² against 1,778 €/m².
3-room apartment in the district of Galata, Varna, located on the top fifth floor. The property has a total area of 86.76 sq m and offers two terraces plus an additional panoramic terrace of 42 sq m on the sixth level.
The layout includes a spacious living room with kitchen area, two bedrooms, a bathroom with toilet, and two terraces, providing functionality and light in every room.
The building is brick, built in 2015, with an elevator and a parking space available, adding to the convenience for residents.
The location is quiet and green, with quick access to Varna city centre and a sea view, which is a key feature of the property.
The property is suitable for permanent residence or as a holiday home, combining convenience, functionality and panoramic views.
With 20% down over 20 years the monthly mortgage payment is about 1,029 €, against an expected local rent of 1,007 €. The rent covers 98% of it.
Pros and cons
AI summaryPros
- sea view
- two terraces
- panoramic terrace
- elevator and parking space
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 room
- bedroom
- bedroom
Amenities
- Elevator
- With Parking
- Tax Credit Option
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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