+12% above market
median 1,993 €/m² for comparable properties
66,990 € 2,233 €/m²
Rent covers ~ 284% of the payment
~ 845 €/mo rent · pays for itself in ~ 7 yrs
Sale169,000 €1,656 €/m²
Expected rent845 € /mo
AT MARKET LEVEL
fairly priced
against the median for apartments in Galata (231 properties)
Area
102 m²
Floor
2 / 3
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment750 €20% down payment · 20 yrs · 3%
Expected rent845 €at market conditions for the neighbourhood
The rent covers 113% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 3.4% · 6,000 €
- 175,000 €
- 169,000 €▼ 6,000 € (3.4%)
Property analysis
This apartment is priced at the typical price (the median) for apartments in Galata (231 properties) — 1,656 €/m² against 1,789 €/m².
Apartment with an area of 102 sq m, located on the 2nd floor in a brick building in the Galata district, Varna.
The layout includes a living room, kitchen, two bedrooms, bathroom, toilet and two terraces, providing convenient internal functionality.
The property is renovated and equipped with necessary amenities, allowing immediate use.
The district is quiet and offers access to pharmacies, shops and bus stops, with shared parts of the yard belonging to the property.
Suitable for family use with a balanced combination of comfort and convenience.
With 20% down over 20 years the monthly mortgage payment is about 750 €, against an expected local rent of 845 €. The rent covers the whole payment (113%).
The asking price has fallen by 6,000 € (3.4%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- two terraces
- renovated
- close to amenities
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.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 213 days.
Is there still room to negotiate?
Because: The price has been cut once, by about 3%.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- kitchen
- bedroom
- bedroom
- bathroom
- toilet
- corridor
Amenities
- Renovated
Details
- Category
- Residential
- Bathrooms
- 2
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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