−16% below market
median 1,759 €/m² for comparable properties
225,000 € 1,470 €/m²
Rent covers ~ 104% of the payment
~ 1,034 €/mo rent · pays for itself in ~ 18 yrs
Sale210,000 €1,909 €/m²
Expected rent859 € /mo
AT MARKET LEVEL
fairly priced
against the median for apartments in Galata (230 properties)
Area
110 m²
Floor
2 / 5
Construction
Brick
Year
2000
Yield analysis
Fair investment rating
Monthly payment932 €20% down payment · 20 yrs · 3%
Expected rent859 €at market conditions for the neighbourhood
The rent covers 92% of the payment — you top up about 73 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
3 changes since listing▼ 17.3% · 44,000 €
- 254,000 €
- 244,000 €▼ 10,000 € (3.9%)
- 243,900 €▼ 100 € (0%)
- 210,000 €▼ 33,900 € (13.9%)
Property analysis
This apartment is priced at the typical price (the median) for apartments in Galata (230 properties) — 1,909 €/m² against 1,771 €/m².
Apartment with an area of 110 sq m, located on the 2nd floor in a brick building from 2000 in the district of Galata, Varna.
The layout includes an entrance hall, living room with kitchenette, two bedrooms, bathroom with toilet and two balconies, providing convenient internal functionality.
The building has an Act 16 (completion certificate), no elevator, PVC windows and heating by air conditioning. The property is renovated and sold furnished, subject to agreement.
The location is in a quiet area with parking availability, suitable for families as it offers proximity to urban infrastructure and green spaces.
The property is suitable for family living with a balanced ratio between comfort and functionality.
With 20% down over 20 years the monthly mortgage payment is about 932 €, against an expected local rent of 859 €. The rent covers 92% of it.
The asking price has fallen by 44,000 € (17.3%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- parking space
- renovated
- brick construction
Cons
- no elevator
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 3 times — about 17% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 214 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- entrance hall
- living room
- kitchenette
- bedroom
- bedroom
- bathroom
Amenities
- With Parking
Exposure
AI summarySSouth
Maximum sunlight throughout the day
EEast
Morning sun, cooler afternoons
Details
- Category
- Residential
- Bathrooms
- 1
- Furnishing
- Yes
Location
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