+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
Sale235,000 €1,146 €/m²
Expected rent843 € /mo
~112,500 € BELOW MARKET
good value
against the median for 4-room apartments in Galata (24 properties)
Area
205 m²
Floor
3 / 4
Construction
Brick
Year
1996
Yield analysis
Fair investment rating
Monthly payment1,043 €20% down payment · 20 yrs · 3%
Expected rent843 €at market conditions for the neighbourhood
The rent covers 81% of the payment — you top up about 200 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 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 112,500 € below the typical price (the median) for 4-room apartments in Galata (24 properties) — 1,146 €/m² against 1,694 €/m².
4-room apartment in Galata district, Varna city, located on the third floor of a small residential building from 1996 with one apartment per floor.
The layout includes a spacious living room with dining area and fireplace, three separate bedrooms, three bathrooms with toilets, a walk-in closet, and terraces with sea views.
The building is brick, with replaced windows and interior doors, as well as additional external insulation; common areas are currently being renovated.
The location is quiet, with access to a landscaped yard with a pool, and the property offers the option to purchase a garage and parking space.
The property is suitable for permanent residence or a holiday home, combining convenience and sea views.
With 20% down over 20 years the monthly mortgage payment is about 1,043 €, against an expected local rent of 843 €. The rent covers 81% of it.
Pros and cons
AI summaryPros
- functional layout
- sea view
- brick construction
- garage and parking space
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 32% below the average for comparable properties.
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
- bedroom
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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