median 2,005 €/m² for comparable properties
Rent covers ~ 125% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 15 yrs
~354,000 € 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.
Fair investment rating
The rent covers 111% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This house is priced about 354,000 € below the typical price (the median) for houses in Gorna Traka (96 properties) — 1,122 €/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.
House with a large area of 401 sq m, located in m-t Gorna Traka, Varna city. The property is on three floors with an attic floor and includes an additional building of 42 sq m with two rooms, suitable for a garage or storage.
The layout includes a total of 10 rooms – living rooms, kitchens, bedrooms, and bathrooms, with separate functional zones and large panoramic terraces on each floor. The ground floor has a living room, kitchen, bedroom, bathroom, and veranda, while the other floors have additional living and bedroom spaces.
The construction is brick with underfloor heating on the ground floor and local heating installation in every room. The house features a fireplace with a water jacket and two garages – one internal with warm connection and a second external for two cars.
The property has asphalt access from two streets, a landscaped yard, and covered parking space. The location offers tranquility close to nature with the possibility of sea views.
Suitable for a family or as a holiday home with good functionality and spaciousness.
With 20% down over 20 years the monthly mortgage payment is about 1,997 €, against an expected local rent of 2,217 €. The rent covers the whole payment (111%).
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
The exact address hasn't been published by the seller — the map shows the neighbourhood.
median 2,005 €/m² for comparable properties
Rent covers ~ 125% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 15 yrs
median 2,005 €/m² for comparable properties
Rent covers ~ 77% of the payment
~ 2,217 €/mo rent · you top up ~ 667 €/mo
median 2,005 €/m² for comparable properties
Rent covers ~ 93% of the payment
~ 2,217 €/mo rent · you top up ~ 170 €/mo
median 2,005 €/m² for comparable properties
Rent covers ~ 115% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 16 yrs
median 2,005 €/m² for comparable properties
Rent covers ~ 154% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 12 yrs
median 2,000 €/m² for comparable properties
Rent covers ~ 56% of the payment
~ 1,688 €/mo rent · you top up ~ 1,351 €/mo
median 2,005 €/m² for comparable properties
Rent covers ~ 139% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 13 yrs
median 2,005 €/m² for comparable properties
Rent covers ~ 175% of the payment
~ 2,217 €/mo rent · pays for itself in ~ 11 yrs