+19% above market
median 2,005 €/m² for comparable properties
359,000 € 2,393 €/m²
Rent covers ~ 144% of the payment
~ 2,300 €/mo rent · pays for itself in ~ 13 yrs
Sale420,000 €2,019 €/m²
Expected rent2,300 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Gorna Traka (95 properties)
Area
208 m²
Land Area
626 m²
Construction
Brick
Year
2026
Yield analysis
Good investment rating
Monthly payment1,863 €20% down payment · 20 yrs · 3%
Expected rent2,300 €at market conditions for the neighbourhood
The rent covers 123% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 Gorna Traka (95 properties) — 2,019 €/m² against 2,005 €/m².
The house is located in m-t Gorna Traka, Varna city, with an area of 208 sq m and a sea view.
The layout includes two levels: ground floor with living room, dining room, kitchen, utility room and bathroom; second floor with three bedrooms, laundry room, two bathrooms and terrace.
The construction is brick, with a stone facade and Rehau joinery, the building is under construction and will be completed to BDS standards. The property has electricity, water and sewage.
The location offers asphalt access and a large yard of 626 sq m, suitable for parking spaces or recreation areas. The area is close to a main boulevard and natural surroundings.
The property is suitable for family living focusing on functionality and comfort near nature and the sea.
With 20% down over 20 years the monthly mortgage payment is about 1,863 €, against an expected local rent of 2,300 €. The rent covers the whole payment (123%).
Pros and cons
AI summaryPros
- sea view
- south aspect
- large yard
- quality materials
Cons
- pre Act 15
Layout
- entrance hall
- living room
- dining room
- kitchenette
- utility room
- storage room
- bathroom
- corridor
- master bedroom
- walk-in closet
- two bedrooms
- laundry room
- terrace
- bathroom
Exposure
AI summarySSouth
Maximum sunlight throughout the day
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
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median 2,005 €/m² for comparable properties
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