−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
Sale200,000 €749 €/m²
Expected rent2,217 € /mo
~335,500 € BELOW MARKET
far below market
against the median for houses in Gorna Traka (96 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
267 m²
Land Area
614 m²
Construction
Brick
Yield analysis
Strong investment rating
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 250% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 13% · 30,000 €
- 230,000 €
- 200,000 €▼ 30,000 € (13%)
Property analysis
This house is priced about 335,500 € below the typical price (the median) for houses in Gorna Traka (96 properties) — 749 €/m² against 2,005 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
The property is a three-storey house in shell construction, located on a regulated plot in m-t Gorna Traka, Varna city.
The layout includes three floors with the possibility to build a fourth, allowing flexibility in finishing and room arrangement.
The construction is brick, with electricity, water, and a septic tank available. The plot has a regular shape and access via asphalt and gravel road.
The area features newly built houses and is inhabited year-round, providing tranquility and proximity to nature.
The property is suitable for those seeking a spacious home with potential for finishing works and sea views in a semi-rural environment.
With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 2,217 €. The rent covers the whole payment (250%).
The asking price has fallen by 30,000 € (13%) since it was first listed.
Pros and cons
AI summaryPros
- sea view
- regular plot
- electricity and water available
- expansion potential
Cons
- shell construction
- last 100 m gravel road
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
−46% below market
median 2,005 €/m² for comparable properties
650,000 € 1,083 €/m²
Rent covers ~ 77% of the payment
~ 2,217 €/mo rent · you top up ~ 667 €/mo
−55% below market
median 2,005 €/m² for comparable properties
538,000 € 896 €/m²
Rent covers ~ 93% of the payment
~ 2,217 €/mo rent · you top up ~ 170 €/mo
At market level
median 2,005 €/m² for comparable properties
435,000 € 2,004 €/m²
Rent covers ~ 115% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 16 yrs
At market level
median 2,005 €/m² for comparable properties
325,000 € 2,031 €/m²
Rent covers ~ 154% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 12 yrs
At market level
median 2,000 €/m² for comparable properties
685,000 € 2,008 €/m²
Rent covers ~ 56% of the payment
~ 1,688 €/mo rent · you top up ~ 1,351 €/mo
+19% above market
median 2,005 €/m² for comparable properties
359,000 € 2,393 €/m²
Rent covers ~ 139% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 13 yrs
At market level
median 2,005 €/m² for comparable properties
285,000 € 2,159 €/m²
Rent covers ~ 175% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 11 yrs