median 1,674 €/m² for comparable properties
Rent covers ~ 120% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 16 yrs
~411,500 € ABOVE MARKET
overpriced
against the median for houses in Galata (28 properties)
Fair investment rating
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.
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.
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 1,674 €/m² for comparable properties
Rent covers ~ 120% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 16 yrs
median 1,674 €/m² for comparable properties
Rent covers ~ 168% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 11 yrs
median 1,674 €/m² for comparable properties
Rent covers ~ 421% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 4 yrs
median 1,674 €/m² for comparable properties
Rent covers ~ 198% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 9 yrs
median 1,674 €/m² for comparable properties
Rent covers ~ 107% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 18 yrs
median 1,674 €/m² for comparable properties
Rent covers ~ 177% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 11 yrs
median 1,512 €/m² for comparable properties
Rent covers ~ 53% of the payment
~ 1,748 €/mo rent · you top up ~ 1,580 €/mo
median 1,674 €/m² for comparable properties
Rent covers ~ 85% of the payment
~ 1,748 €/mo rent · you top up ~ 306 €/mo