−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
Sale538,000 €896 €/m²
Expected rent2,217 € /mo
~665,000 € 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.
Area
600 m²
Land Area
1,000 m²
Floor
1 / 3
Construction
Brick
Year
2005
Yield analysis
Fair investment rating
Monthly payment2,387 €20% down payment · 20 yrs · 3%
Expected rent2,217 €at market conditions for the neighbourhood
The rent covers 93% of the payment — you top up about 170 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 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▼ 0.2% · 1,000 €
- 539,000 €
- 538,000 €▼ 1,000 € (0.2%)
Property analysis
This house is priced about 665,000 € below the typical price (the median) for houses in Gorna Traka (96 properties) — 896 €/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 in m-t Gorna Traka, Varna city with a total area of 600 sq m and a yard of 1000 sq m.
The layout includes a basement with cellar rooms, ground floor with living room, kitchen, laundry room and veranda, first and second floors with multiple bedrooms, bathrooms and terraces.
The construction is brick from 2005, and the property has a garage for two cars, barbecue and pool.
The location is a quiet area close to nature, suitable for family living or rental.
The property offers a functional layout and amenities that make it suitable for long-term residence.
With 20% down over 20 years the monthly mortgage payment is about 2,387 €, against an expected local rent of 2,217 €. The rent covers 93% of it.
The asking price has fallen by 1,000 € (0.2%) since it was first listed.
Pros and cons
AI summaryPros
- large area
- pool
- garage for 2 cars
- multiple terraces
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Details
- Category
- Residential
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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