−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
Sale1,700,000 €2,377 €/m²
Expected rent1,688 € /mo
~270,000 € ABOVE MARKET
above market
against the median for houses in Gorna Traka (89 properties)
Area
715 m²
Land Area
1,000 m²
Construction
Brick
Yield analysis
Low investment rating
Monthly payment7,543 €20% down payment · 20 yrs · 3%
Expected rent1,688 €at market conditions for the neighbourhood
The rent covers 22% of the payment — you top up about 5,855 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 84 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 270,000 € above the typical price (the median) for houses in Gorna Traka (89 properties) — 2,377 €/m² against 2,000 €/m².
The property is a large family house located in m-t Gorna Traka, Varna city.
The layout includes four floors with multiple rooms, bathrooms, storage rooms, and functional spaces such as a gym and sauna.
The construction is brick, with high ceilings and large windows providing good natural light. There are two garages and additional parking possibilities.
The location is in a green and quiet area with easy access to Varna city center, the sea, and main road arteries. The plot is landscaped and maintained, suitable for various outdoor zones.
The property is suitable for year-round living or as a representative residence with potential for investment renovations.
With 20% down over 20 years the monthly mortgage payment is about 7,543 €, against an expected local rent of 1,688 €. The rent covers 22% of it.
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 122 days.
Pros and cons
AI summaryPros
- large floor area
- functional layout
- parking
- green environment
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- room
- room
- room
- room
- room
- room
- room
- room
- room
Amenities
- With Parking
- Access Control
Details
- Category
- Residential
- Bathrooms
- 5
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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