Sale

Multi-family house with yard in Galata, Varna

VarnaGalata
Published: 1 July 2026 Updated: 30 September 2026
Sale880,000 €3,142 €/m²
Expected rent2,988 € /mo

~411,500 € ABOVE MARKET

overpriced

against the median for houses in Galata (28 properties)

Area
280 m²
Land Area
586 m²
Floor
0 / 0
Construction
Brick
Year
2006

Yield analysis

Fair investment rating

4.1% / yr
Monthly payment3,904 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood

The rent covers 77% of the payment — you top up about 916 €/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.

Property analysis

This house is priced about 411,500 € above the typical price (the median) for houses in Galata (28 properties) — 3,142 €/m² against 1,674 €/m².

The house is located in the Galata district, Varna city, on a plot of 586 sq m with a built-up area of about 280 sq m. The layout includes two residential floors and an attic space with potential for additional rooms.

The interior layout is functional, with separate living rooms, kitchens, and bedrooms on both floors, connected by an internal staircase that also allows for separate entrances. There are two terraces, one of which is about 30 sq m.

The construction is brick from 2006, using quality materials such as five-chamber Schüco windows, external thermal insulation, and floor insulation. Heating is provided by Daikin air conditioners and a fireplace with an air jacket. There is a solar system for hot water and a water purification system.

The location offers a quiet environment with convenient access to urban infrastructure – kindergarten at 120 m, school at 650 m, shops and bus stop nearby. The beach is about a 10-minute walk away, and Varna city center is about 15 minutes by car.

The property is suitable for family living with the possibility of multi-family use or expansion according to the owners' needs.

With 20% down over 20 years the monthly mortgage payment is about 3,904 €, against an expected local rent of 2,988 €. The rent covers 77% of it.

Source: Market statistics for houses in Galata

Pros and cons

AI summary
Pros
  • functional layout
  • quality materials
  • yard with automated irrigation system
  • double garage space
Cons
  • ground floor

Layout

  • bedroom
  • bedroom
  • bedroom
  • bedroom

Details

Category
Residential
Bathrooms
2
Furnishing
Yes

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

Similar properties nearby

+22% above market

median 1,674 €/m² for comparable properties

562,000 € 2,043 €/m²
  • 275m²
  • 2offers

Rent covers ~ 120% of the payment

~ 2,988 €/mo rent · pays for itself in ~ 16 yrs

At market level

median 1,674 €/m² for comparable properties

340,000 € 1,700 €/m²
  • 200m²

Rent covers ~ 198% of the payment

~ 2,988 €/mo rent · pays for itself in ~ 9 yrs

−25% below market

median 1,512 €/m² for comparable properties

749,998 € 1,136 €/m²
  • 660m²
  • 0/0fl.

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
  • 180m²
  • 2offers

Rent covers ~ 85% of the payment

~ 1,748 €/mo rent · you top up ~ 306 €/mo