Sale

Two-room apartment in Gretska Mahala, Varna with two terraces

VarnaGrycka Mahala
Published: 4 September 2026 Updated: 4 September 2026
Sale155,000 €2,500 €/m²
Expected rent668 € /mo

~49,500 € BELOW MARKET

good value

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

Area
62 m²
Floor
3 / 6
Construction
Brick

Yield analysis

Fair investment rating

5.2% / yr
Monthly payment688 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood

The rent covers 97% of the payment — you top up about 20 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 19 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Property analysis

This apartment is priced about 49,500 € below the typical price (the median) for 2-room apartments in Grycka Mahala (43 properties) — 2,500 €/m² against 3,300 €/m².

Two-room apartment with an area of 62 sq m, located in the Gretska Mahala district, Varna city.

The layout includes a hallway, living room with kitchenette, bedroom, bathroom with toilet, and two terraces, providing functional use of the space.

The building is brick from 2003, without an elevator, and the apartment is on the third floor of six. The property needs renovation but has replaced windows and air conditioning.

The location offers convenient access to the city center, shops, restaurants, schools, and public transport stops.

Suitable for both personal use and investment with the possibility of renovation according to the new owner's needs.

With 20% down over 20 years the monthly mortgage payment is about 688 €, against an expected local rent of 668 €. The rent covers 97% of it.

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

Pros and cons

AI summary
Pros
  • two terraces
  • replaced windows
  • air conditioning
  • functional layout
Cons
  • no elevator
  • needs renovation

Questions for the viewing

Only on imotesa

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

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 24% below the average for comparable properties.

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

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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