+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
Sale190,000 €2,043 €/m²
Expected rent1,007 € /mo
~24,500 € ABOVE MARKET
above market
against the median for 3-room apartments in Galata (83 properties)
Area
93 m²
Floor
3 / 3
Construction
Brick
Year
1992
Yield analysis
Good investment rating
Monthly payment843 €20% down payment · 20 yrs · 3%
Expected rent1,007 €at market conditions for the neighbourhood
The rent covers 119% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 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 24,500 € above the typical price (the median) for 3-room apartments in Galata (83 properties) — 2,043 €/m² against 1,778 €/m².
Three-room apartment in Varna city, Galata district.
The layout includes a corridor, living room with kitchenette, two bedrooms, and a laundry room, as well as a large panoramic terrace.
The building is brick from 1992, on the third floor without an elevator, with updated plumbing and electrical installations, insulation, and replaced windows.
The location is close to a school, grocery stores, and a public transport stop, providing everyday conveniences.
The property is suitable for family use with balanced layout and functionality.
With 20% down over 20 years the monthly mortgage payment is about 843 €, against an expected local rent of 1,007 €. The rent covers the whole payment (119%).
Pros and cons
AI summaryPros
- functional layout
- panoramic terrace
- quality renovations
- close to school
Cons
- top floor
- no elevator
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 263 days.
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
- corridor
- living room
- kitchenette
- bedroom
- bedroom
- laundry room
- bathroom
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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