+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
Sale749,998 €1,136 €/m²
Expected rent1,748 € /mo
~248,000 € BELOW MARKET
good value
against the median for houses in Galata (65 properties)
Area
660 m²
Land Area
400 m²
Floor
0 / 0
Construction
Brick
Year
1990
Yield analysis
Low investment rating
Monthly payment3,328 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood
The rent covers 53% of the payment — you top up about 1,580 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 36 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
3 changes since listing▼ 7.1% · 60,000 €
- 850,000 €
- 900,000 €▲ 50,000 € (5.9%)
- 850,000 €▼ 50,000 € (5.6%)
- 790,000 €▼ 60,000 € (7.1%)
Property analysis
This house is priced about 248,000 € below the typical price (the median) for houses in Galata (65 properties) — 1,136 €/m² against 1,512 €/m².
With 20% down over 20 years the monthly mortgage payment is about 3,328 €, against an expected local rent of 1,748 €. The rent covers 53% of it.
The asking price has fallen by 60,000 € (7.1%) since it was first listed.
Amenities
- With Parking
- Internet Connection
- Video Surveillance
- Access Control
- Gated Community
Details
- Category
- Residential
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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