+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
Sale349,000 €950 €/m²
Expected rent2,988 € /mo
~265,500 € BELOW MARKET
far below market
against the median for houses in Galata (28 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
367 m²
Construction
Brick
Year
2025
Yield analysis
Strong investment rating
Monthly payment1,548 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 193% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 10 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 265,500 € below the typical price (the median) for houses in Galata (28 properties) — 950 €/m² against 1,674 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 1,548 €, against an expected local rent of 2,988 €. The rent covers the whole payment (193%).
Details
- Category
- Residential
- Bathrooms
- 5
Location
Similar properties nearby
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median 1,674 €/m² for comparable properties
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Rent covers ~ 168% of the payment
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At market level
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340,000 € 1,700 €/m²
Rent covers ~ 198% of the payment
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At market level
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At market level
median 1,674 €/m² for comparable properties
380,000 € 1,674 €/m²
Rent covers ~ 177% of the payment
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+88% above market
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Rent covers ~ 77% of the payment
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median 1,512 €/m² for comparable properties
749,998 € 1,136 €/m²
Rent covers ~ 52% of the payment
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