−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
Sale435,000 €2,004 €/m²
Expected rent2,217 € /mo
AT MARKET LEVEL
fairly priced
against the median for houses in Gorna Traka (96 properties)
Area
217 m²
Land Area
355 m²
Construction
Brick
Yield analysis
Good investment rating
Monthly payment1,930 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 115% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 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 (96 properties) — 2,004 €/m² against 2,005 €/m².
House with two floors and a total area of 217 sq m, located in the area of Gorna Traka, Varna. The property includes a yard of 355 sq m and a parking space.
The layout is functional with a living room, kitchenette, and dining area on the first floor, as well as three bedrooms, two bathrooms, and a laundry room on the second floor. There is a walk-in closet, storage room, garage, and terrace with balcony.
The construction is brick according to BDS standards, with completion expected by the end of 2025, indicating a new and modern structure. The property features video surveillance and access control.
The location offers tranquility and proximity to nature while being part of a residential complex with parking facilities.
Suitable for a family seeking a spacious home with good functionality in a quieter urban area.
With 20% down over 20 years the monthly mortgage payment is about 1,930 €, against an expected local rent of 2,217 €. The rent covers the whole payment (115%).
Pros and cons
AI summaryPros
- functional layout
- partial sea view
- garage and parking space
- video surveillance
Cons
- unfinished construction
Layout
- living room with kitchenette and dining area 46 sq m
- bedroom 18 sq m
- bedroom 18 sq m
- bedroom 18 sq m
- toilet
- toilet
- bathroom
- bathroom
Amenities
- With Parking
- Video Surveillance
- Access Control
Details
- Category
- Residential
- Bathrooms
- 3
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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