+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
Sale629,000 €1,655 €/m²
Expected rent2,988 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Galata (28 properties)
Area
380 m²
Land Area
1,000 m²
Construction
Brick
Year
2020
Yield analysis
Fair investment rating
Monthly payment2,791 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 107% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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 at the typical price (the median) for houses in Galata (28 properties) — 1,655 €/m² against 1,674 €/m².
House with a built-up area of 380 sq m, located in the Galata district, Varna.
The layout includes three spacious bedrooms on the first floor and a large living room with kitchen on the second floor, providing convenience and functionality.
The building was constructed in 2020 with brick construction, equipped with PVC windows, German laminate flooring, and Spanish granite tiles, featuring parking and access control.
The location offers quiet and clean air, with easy access to the city and panoramic views of the sea and forest from the large terraces.
The property is suitable for family living, combining comfort and tranquility close to nature.
With 20% down over 20 years the monthly mortgage payment is about 2,791 €, against an expected local rent of 2,988 €. The rent covers the whole payment (107%).
This property is advertised in 3 offers from 2 different sellers. All offers are at the same price. It has been listed for 356 days.
Pros and cons
AI summaryPros
- panoramic terrace
- functional layout
- quality materials
- parking
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- bedroom
- bedroom
- bedroom
- living room
Amenities
- With Parking
- Renovated
- Access Control
Exposure
AI summarySSouth
Maximum sunlight throughout the day
NNorth
Even light, cooler during summer
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
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
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−25% below market
median 1,512 €/m² for comparable properties
749,998 € 1,136 €/m²
Rent covers ~ 53% of the payment
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+54% above market
median 1,674 €/m² for comparable properties
463,000 € 2,572 €/m²
Rent covers ~ 85% of the payment
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−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
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
At market level
median 1,674 €/m² for comparable properties
280,000 € 1,772 €/m²
Rent covers ~ 241% of the payment
~ 2,988 €/mo rent · pays for itself in ~ 8 yrs