−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
Sale579,000 €1,697 €/m²
Expected rent2,217 € /mo
~104,500 € BELOW MARKET
good value
against the median for houses in Gorna Traka (96 properties)
Area
341 m²
Land Area
558 m²
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment2,569 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 86% of the payment — you top up about 352 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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 104,500 € below the typical price (the median) for houses in Gorna Traka (96 properties) — 1,697 €/m² against 2,005 €/m².
House under construction, located in a quiet area of m-t Gorna Traka, Varna city.
The layout includes three floors with living rooms, dining rooms, kitchenettes, three bedrooms, walk-in closets, several bathrooms and large terraces.
The construction is brick, with the property currently being built and featuring an underground garage, video surveillance and access control.
The location offers proximity to public transport and shops, while being situated in a quieter and greener area.
Suitable for those seeking a spacious family home with the possibility for finishing works according to personal taste.
With 20% down over 20 years the monthly mortgage payment is about 2,569 €, against an expected local rent of 2,217 €. The rent covers 86% of it.
This property is advertised in 5 offers from 5 different sellers. The gap between the cheapest and the dearest is 106,000 €. It has been listed for 272 days.
Pros and cons
AI summaryPros
- functional layout
- underground garage
- video surveillance
- access control
Cons
- under construction
Layout
- entrance hall
- living room
- dining room
- kitchenette
- bathroom
- toilet
- veranda
- bedroom
- walk-in closet
- bathroom
- toilet
- terrace
- living room
- dining room
- kitchenette
- walk-in closet
- bathroom
- toilet
- terrace
Amenities
- Under Construction
- With Parking
- Video Surveillance
- Access Control
Details
- Category
- Residential
- Bathrooms
- 5
Location
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