At market level
median 2,005 €/m² for comparable properties
325,000 € 2,031 €/m²
Rent covers ~ 160% of the payment
~ 2,300 €/mo rent · pays for itself in ~ 12 yrs
Sale650,000 €1,470 €/m²
Expected rent2,300 € /mo
~247,000 € BELOW MARKET
good value
against the median for houses in Gorna Traka (20 properties)
Area
442 m²
Land Area
1,051 m²
Construction
Brick
Year
2003
Yield analysis
Fair investment rating
Monthly payment2,884 €20% down payment · 20 yrs · 3%
Expected rent2,300 €at market conditions for the neighbourhood
The rent covers 80% of the payment — you top up about 584 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
5 changes since listing▲ 0% · 100 €
- 649,900 €
- 699,999 €▲ 50,099 € (7.7%)
- 700,000 €▲ 1 € (0%)
- 650,000 €▼ 50,000 € (7.1%)
- 650,000 €▲ 0 € (0%)
- 650,000 €▲ 0 € (0%)
Property analysis
This house is priced about 247,000 € below the typical price (the median) for houses in Gorna Traka (20 properties) — 1,460 €/m² against 2,029 €/m².
House with an area of 442 sq m, located in m-t Gorna Traka, Varna city.
The layout includes a huge living room, kitchen, 4 bedrooms, office, 3 bathrooms, 2 walk-in closets, laundry and utility room, as well as a large terrace with sea view.
The construction is brick from 2003, using natural materials such as stone, wood and wrought iron; heating and cooling are provided by a Lennox-Hydro Control system.
The property is situated in a quiet area close to nature, combining the conveniences of the city with privacy and greenery.
Suitable for a family looking for a spacious home with functional layout and good technical equipment.
With 20% down over 20 years the monthly mortgage payment is about 2,884 €, against an expected local rent of 2,300 €. The rent covers 80% of it.
This property is advertised in 4 offers. The gap between the cheapest and the dearest is 50,000 €. It has been listed for 266 days. The asking price has risen by 100 € (0%) since it was first listed.
Pros and cons
AI summaryPros
- spacious layout
- natural materials
- sea view
- modern heating system
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room
- kitchen
- bedroom
- bedroom
- bedroom
- bedroom
- office
Amenities
- With Parking
- Video Surveillance
- Renovated
- Internet Connection
- Access Control
- Security
Details
- Category
- Residential
- Bathrooms
- 3
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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