−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
Sale359,000 €2,393 €/m²
Expected rent2,217 € /mo
~58,500 € ABOVE MARKET
above market
against the median for houses in Gorna Traka (96 properties)
Area
150 m²
Land Area
323 m²
Construction
Brick
Yield analysis
Good investment rating
Monthly payment1,593 €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 13 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 58,500 € above the typical price (the median) for houses in Gorna Traka (96 properties) — 2,393 €/m² against 2,005 €/m².
The house is located in m-t Gorna Traka, Varna, on a flat plot of 320 sq m.
The layout includes a spacious living room with kitchen and dining area, three bedrooms with access to a terrace, two bathrooms, and a storage room, providing functional use of the space.
The construction is brick, with quality materials and a concrete fence with decorative wrought iron panels. The property has utility connections for water, electricity, and sewage, as well as parking spaces for two cars.
The location is convenient, close to a main road, bus stops, and a supermarket, which facilitates daily life.
The property is suitable for a family seeking comfort and functionality in a quiet environment near the city.
With 20% down over 20 years the monthly mortgage payment is about 1,593 €, against an expected local rent of 2,217 €. The rent covers the whole payment (139%).
Pros and cons
AI summaryPros
- functional layout
- quality materials
- parking spaces
- close to transport
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- bedroom
- bedroom
- bedroom
Amenities
- With Parking
Details
- Category
- Residential
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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