−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
Sale88,600 €2,060 €/m²
Expected rent859 € /mo
~12,500 € ABOVE MARKET
above market
against the median for apartments in Galata (230 properties)
Area
43 m²
Floor
0 / 4
Construction
Brick
Year
2027
Yield analysis
Strong investment rating
Monthly payment393 €20% down payment · 20 yrs · 3%
Expected rent859 €at market conditions for the neighbourhood
The rent covers 219% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 9 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 12,500 € above the typical price (the median) for apartments in Galata (230 properties) — 2,060 €/m² against 1,771 €/m².
Apartment with an area of 43 sq m, located on the ground floor of a newly constructed building in the Galata, Varna district.
The layout includes a living room with kitchenette, bedroom, bathroom with toilet, and corridor, with the apartment also having a private yard of 5 sq m.
The building is brick-built, planned to be finished to BDS standards with the option for turnkey completion, featuring an elevator and quality common areas with granite and aluminum railings.
The location is in a quiet residential area with parking spaces provided for each apartment, suitable for family living.
The property is suitable for those seeking a functional home with a small yard in a new building and a convenient urban environment.
With 20% down over 20 years the monthly mortgage payment is about 393 €, against an expected local rent of 859 €. The rent covers the whole payment (219%).
Pros and cons
AI summaryPros
- new-build
- private yard
- elevator
- parking space
Cons
- ground floor
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 181 days.
Has Act 16 been issued, and what guarantees cover the common parts?
Because: The building dates from 2027.
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
- corridor
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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