+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
Sale235,000 €1,192 €/m²
Expected rent2,988 € /mo
~95,000 € BELOW MARKET
good value
against the median for houses in Galata (28 properties)
Area
197 m²
Land Area
308 m²
Construction
Brick
Year
2026
Yield analysis
Strong investment rating
Monthly payment1,043 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 287% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 7 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▲ 7.7% · 19,900 €
- 260,000 €
- 235,000 €▼ 25,000 € (9.6%)
- 270,000 €▲ 35,000 € (14.9%)
- 279,000 €▲ 9,000 € (3.3%)
- 279,900 €▲ 900 € (0.3%)
Property analysis
This house is priced about 95,000 € below the typical price (the median) for houses in Galata (28 properties) — 1,192 €/m² against 1,674 €/m².
With 20% down over 20 years the monthly mortgage payment is about 1,043 €, against an expected local rent of 2,988 €. The rent covers the whole payment (287%).
This property is advertised in 7 offers, all from the same agency. The gap between the cheapest and the dearest is 85,000 €. It has been listed for 266 days. The asking price has risen by 19,900 € (7.7%) since it was first listed.
Amenities
- With Parking
- Renovated
- Tax Credit Option
Details
- Category
- Residential
- Bathrooms
- 3
Location
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