At market level
median 1,398 €/m² for comparable properties
179,000 € 1,398 €/m²
Rent covers ~ 85% of the payment
~ 676 €/mo rent · you top up ~ 118 €/mo
Sale199,990 €1,941 €/m²
Expected rent676 € /mo
~56,000 € ABOVE MARKET
overpriced
against the median for floors of house in Galata (12 properties)
Area
103 m²
Floor
2 / 3
Construction
Brick
Year
2000
Yield analysis
Fair investment rating
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent676 €at market conditions for the neighbourhood
The rent covers 76% of the payment — you top up about 211 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 25 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▼ 0% · 10 €
- 200,000 €
- 190,000 €▼ 10,000 € (5%)
- 199,990 €▲ 9,990 € (5.3%)
Property analysis
This floor of House is priced about 56,000 € above the typical price (the median) for floors of house in Galata (12 properties) — 1,941 €/m² against 1,398 €/m².
Apartment with an area of 103 sq m, located as an above-ground floor in a house in the center of Galata, Varna.
The layout includes two bedrooms, a living room with a kitchenette, and an entrance corridor providing access to all rooms.
The property has new renovation, built of brick in 2000, equipped with a utility room and sanitary facilities.
The location is convenient, close to shops, a bus stop, a school, and a kindergarten, as well as offering free parking.
Suitable for different age groups, the property offers a balanced combination of urban amenities and functionality.
With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 676 €. The rent covers 76% of it.
The asking price has fallen by 10 € (0%) since it was first listed.
Pros and cons
AI summaryPros
- functional layout
- panoramic view
- new renovation
- close to school
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- bedroom 14 sq m
- bedroom 16 sq m
- living room 35 sq m
Amenities
- Renovated
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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