+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
Sale160,000 €2,461 €/m²
Expected rent2,988 € /mo
~51,000 € ABOVE MARKET
overpriced
against the median for houses in Galata (28 properties)
Area
65 m²
Land Area
300 m²
Construction
Brick
Year
2026
Yield analysis
Strong investment rating
Monthly payment710 €20% down payment · 20 yrs · 3%
Expected rent2,988 €at market conditions for the neighbourhood
The rent covers 421% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 4 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 51,000 € above the typical price (the median) for houses in Galata (28 properties) — 2,461 €/m² against 1,674 €/m².
House in the city of Varna, Galata district, Zelenika area, located on a private yard of 300 sq m. The property is one-story with a built-up area of 65 sq m.
The layout includes a three-sided lit living area with kitchen section, two bedrooms and a bathroom, as well as access to a sunny veranda.
The construction is brick from 2026, with high-class window frames and quality roofing materials. The property has separate electricity and water meters, sewage connection, and a well as a backup water source.
It is located in a quiet and green area with convenient access to bus transport, beaches, and the central part of Varna. The yard includes parking for two cars and a barbecue area.
The property is suitable for year-round living with a balanced combination of tranquility, nature, and amenities.
With 20% down over 20 years the monthly mortgage payment is about 710 €, against an expected local rent of 2,988 €. The rent covers the whole payment (421%).
Pros and cons
AI summaryPros
- functional layout
- quality materials
- parking space
- panoramic view
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living area
- bedroom
- bedroom
Amenities
- With Parking
Exposure
AI summaryNNorth
Even light, cooler during summer
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Bathrooms
- 1
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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