−17% below market
median 2,005 €/m² for comparable properties
400,000 € 1,659 €/m²
Rent covers ~ 125% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 15 yrs
Sale360,000 €2,517 €/m²
Expected rent2,217 € /mo
~73,500 € ABOVE MARKET
overpriced
against the median for houses in Gorna Traka (96 properties)
Area
143 m²
Land Area
711 m²
Construction
Brick
Year
2006
Yield analysis
Good investment rating
Monthly payment1,597 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 139% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 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 73,500 € above the typical price (the median) for houses in Gorna Traka (96 properties) — 2,517 €/m² against 2,005 €/m².
The house is located in the Fatriko Dere area, m-t Gorna Traka, Varna city.
The layout includes three separate bedrooms on the upper floor, two bathrooms with toilets, and a panoramic terrace, while the lower floor has a kitchen with dining area and living room, a utility room, and a toilet.
The building was constructed of brick in 2006, with full insulation using XPS foam, heating by electricity and gas boiler, as well as two solar panels for hot water. There is a septic tank with a treatment plant and an irrigation system.
The yard is flat with a regular shape and provides parking space for several cars. The area offers tranquility and proximity to nature.
The property is suitable for family use with amenities for year-round living and good functionality.
With 20% down over 20 years the monthly mortgage payment is about 1,597 €, against an expected local rent of 2,217 €. The rent covers the whole payment (139%).
Pros and cons
AI summaryPros
- functional layout
- sea view
- parking for several cars
- quality insulation
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- bedroom
- bedroom
- bedroom
- kitchen
- dining room
- living room
- utility room
- toilet
Amenities
- With Parking
- Access Control
- Renovated
Exposure
AI summaryNNorth
Even light, cooler during summer
Details
- Category
- Residential
- Bathrooms
- 3
- Furnishing
- Yes
Location
Similar properties nearby
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At market level
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