+22% above market
median 1,674 €/m² for comparable properties
562,000 € 2,043 €/m²
Rent covers ~ 120% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 16 yrs
Sale193,000 €1,635 €/m²
Expected rent2,988 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Galata (28 properties)
Area
118 m²
Land Area
630 m²
Construction
Brick
Year
1980
Yield analysis
Strong investment rating
Monthly payment856 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 349% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 5 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▼ 2.1% · 4,000 €
- 193,000 €
- 189,000 €▼ 4,000 € (2.1%)
Property analysis
This house is priced at the typical price (the median) for houses in Galata (28 properties) — 1,635 €/m² against 1,674 €/m².
With 20% down over 20 years the monthly mortgage payment is about 856 €, against an expected local rent of 2,988 €. The rent covers the whole payment (349%).
The asking price has fallen by 4,000 € (2.1%) since it was first listed.
Amenities
- Access Control
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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