+39% above market
median 1,398 €/m² for comparable properties
199,990 € 1,941 €/m²
Rent covers ~ 76% of the payment
~ 676 €/mo rent · you top up ~ 211 €/mo
Sale149,900 €1,499 €/m²
Expected rent2,988 € /mo
~17,000 € BELOW MARKET
good value
against the median for floors of house in Galata (27 properties)
Area
100 m²
Land Area
210 m²
Floor
1 / 2
Construction
Brick
Year
2000
Yield analysis
Strong investment rating
Monthly payment665 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 449% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
2 changes since listing▼ 3.3% · 5,100 €
- 155,000 €
- 149,900 €▼ 5,100 € (3.3%)
- 149,900 €▲ 0 € (0%)
Property analysis
This floor of House is priced about 17,000 € below the typical price (the median) for floors of house in Galata (27 properties) — 1,499 €/m² against 1,670 €/m².
The property is the first floor of a house with a total area of about 100 sq m in the district of Galata, Varna. It includes a ground and attic floor, as well as a half share of a yard with an area of 420 sq m.
The layout includes a ground level with kitchen and living room, bathroom with toilet; first floor with large entrance hall, living room with terrace, bedroom, kitchen and bathroom with toilet. The aspect is southeast, providing good lighting.
The construction is brick from 2000, the property has undergone major renovation and is offered furnished. Infrastructure is arranged and there is asphalt access.
The district offers amenities such as public transport, school, kindergarten, park and shops nearby.
The property is suitable for year-round family living with balanced space distribution.
With 20% down over 20 years the monthly mortgage payment is about 665 €, against an expected local rent of 2,988 €. The rent covers the whole payment (449%).
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 206 days. The asking price has fallen by 5,100 € (3.3%) since it was first listed.
Pros and cons
AI summaryPros
- southeast aspect
- major renovation
- furnished
- good access
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- bedroom
- living room
- kitchen
- entrance hall
- bathroom
- toilet
- bathroom
- toilet
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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