Sale

Two-room apartment in Gretska mahala, Varna, with elevator

VarnaGrycka Mahala
Published: 5 January 2026 Updated: 23 September 2026
Sale229,500 €4,590 €/m²
Expected rent668 € /mo

~64,500 € ABOVE MARKET

overpriced

against the median for 2-room apartments in Grycka Mahala (43 properties)

Area
50 m²
Floor
3 / 6
Construction
Brick
Year
2026

Yield analysis

Low investment rating

3.5% / yr
Monthly payment1,018 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood

The rent covers 66% of the payment — you top up about 350 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 29 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▲ 15.3% · 30,500 €
  1. 199,000 €4 March 2026Initial price
  2. 229,500 €▲ 30,500 € (15.3%) 1 April 2026Price increasedCurrent

Property analysis

This apartment is priced about 64,500 € above the typical price (the median) for 2-room apartments in Grycka Mahala (43 properties) — 4,590 €/m² against 3,300 €/m².

Two-room apartment with an area of 50 sq m, located in Gretska mahala, Varna. The property is on the third floor of a six-storey building, built in 2026.

The layout includes a living room with kitchenette and one bedroom, providing functional use of the space. The apartment is suitable for residential use or rental.

The building is brick, with a modern appearance and equipped with an elevator and access control. The apartment is finished to BDS standard, ensuring basic construction and technical characteristics.

The location is close to the Sea Garden and the central city area, providing convenient access to urban infrastructure and green spaces.

The property is suitable for those seeking convenience in a central urban environment with modern living conditions or investment.

With 20% down over 20 years the monthly mortgage payment is about 1,018 €, against an expected local rent of 668 €. The rent covers 66% of it.

The asking price has risen by 30,500 € (15.3%) since it was first listed.

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

Pros and cons

AI summary
Pros
  • functional layout
  • new-build
  • elevator
  • central location
Cons

We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.

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 15% higher than when it was first advertised.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 271 days.

  3. Has Act 16 been issued, and what guarantees cover the common parts?

    Because: The building dates from 2026.

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

Layout

  • bedroom

Amenities

  • Elevator
  • Access Control
  • Renovated

Details

Category
Residential
Rooms
2

Approximate location

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

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