Sale

Two-room apartment in Gretska Mahala, Varna with terrace

VarnaGrycka Mahala
Published: 5 May 2026 Updated: 7 September 2026
Sale130,000 €2,888 €/m²
Expected rent533 € /mo

AT MARKET LEVEL

fairly priced

against the median for 2-room apartments in Grycka Mahala (15 properties)

Area
45 m²
Floor
4 / 4
Construction
Brick
Year
1990

Yield analysis

Fair investment rating

4.9% / yr
Monthly payment577 €20% down payment · 20 yrs · 3%
Expected rent533 €at market conditions for the neighbourhood

The rent covers 92% of the payment — you top up about 44 €/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

3 changes since listing▲ 13% · 15,000 €
  1. 115,000 €19 June 2026Initial price
  2. 109,000 €▼ 6,000 € (5.2%) 2 August 2026Price reduced
  3. 109,000 €▲ 0 € (0%) 21 August 2026Price increased
  4. 130,000 €▲ 21,000 € (19.3%) 24 August 2026Price increasedCurrent

Property analysis

This apartment is priced at the typical price (the median) for 2-room apartments in Grycka Mahala (15 properties) — 2,888 €/m² against 2,681 €/m².

Two-room apartment with an area of 45 sq m, located in the Gretska Mahala district, Varna. The property includes a living room with kitchen, bedroom, bathroom with toilet, and terrace. The apartment is on the top, 4th floor of a brick building from 1990 and comes with an adjacent basement. The area is centrally located, close to the Cathedral of the Dormition of the Mother of God and Independence Square. The Sea Garden and the sea are about a 5-minute walk away. The property is suitable for living with convenient access to key city points and services.

With 20% down over 20 years the monthly mortgage payment is about 577 €, against an expected local rent of 533 €. The rent covers 92% of it.

The asking price has risen by 15,000 € (13%) since it was first listed.

Source: Market statistics for 2-room apartments in Grycka Mahala

Pros and cons

AI summary
Pros
  • functional layout
  • central location
  • terrace
  • adjacent basement
Cons
  • top floor
  • no listed amenities

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. What changed since the listing went up — a renovation, paperwork, something else?

    Because: The price is about 13% higher than when it was first advertised.

  2. What condition is the roof in, and does it overheat in summer?

    Because: The property is on the top floor.

  3. Is there a lift in the building, and what condition is it in?

    Because: The property is on floor 4 and the listing does not mention a lift.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • living room
  • kitchen
  • bedroom
  • bathroom

Amenities

  • Access Control

Details

Category
Residential
Rooms
2
Bathrooms
1

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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