+17% above market
median 1,674 €/m² for comparable properties
400,000 € 1,951 €/m²
Rent covers ~ 168% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 11 yrs
Sale562,000 €2,043 €/m²
Expected rent2,988 € /mo
~101,500 € ABOVE MARKET
overpriced
against the median for houses in Galata (28 properties)
Area
275 m²
Land Area
590 m²
Construction
Brick
Year
2027
Yield analysis
Good investment rating
Monthly payment2,493 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 120% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This house is priced about 101,500 € above the typical price (the median) for houses in Galata (28 properties) — 2,043 €/m² against 1,674 €/m².
With 20% down over 20 years the monthly mortgage payment is about 2,493 €, against an expected local rent of 2,988 €. The rent covers the whole payment (120%).
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 55 days.
Amenities
- Gated Community
- Tax Credit Option
- With Parking
Details
- Category
- Residential
- Bathrooms
- 1
Location
Similar properties nearby
At market level
median 1,674 €/m² for comparable properties
340,000 € 1,700 €/m²
Rent covers ~ 198% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 9 yrs
At market level
median 1,674 €/m² for comparable properties
629,000 € 1,655 €/m²
Rent covers ~ 107% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 18 yrs
At market level
median 1,674 €/m² for comparable properties
380,000 € 1,674 €/m²
Rent covers ~ 177% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 11 yrs
+88% above market
median 1,674 €/m² for comparable properties
880,000 € 3,142 €/m²
Rent covers ~ 77% of the payment
~ 2,988 €/mo rent · you top up ~ 916 €/mo
−25% below market
median 1,512 €/m² for comparable properties
749,998 € 1,136 €/m²
Rent covers ~ 53% of the payment
~ 1,748 €/mo rent · you top up ~ 1,580 €/mo
+54% above market
median 1,674 €/m² for comparable properties
463,000 € 2,572 €/m²
Rent covers ~ 85% of the payment
~ 1,748 €/mo rent · you top up ~ 306 €/mo
−48% below market
median 1,674 €/m² for comparable properties
739,000 € 864 €/m²
Rent covers ~ 91% of the payment
~ 2,988 €/mo rent · you top up ~ 291 €/mo