Sale

Two-room apartment in Gretska mahala, Varna with parking space

VarnaGrycka Mahala
Published: 5 January 2026 Updated: 17 September 2026
Sale99,850 €1,584 €/m²
Expected rent668 € /mo

~108,000 € BELOW MARKET

far below market

against the median for 2-room apartments in Grycka Mahala (43 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
63 m²
Floor
2 / 10
Construction
Brick
Year
2028

Yield analysis

Strong investment rating

8% / yr
Monthly payment443 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood

The rent covers 151% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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 108,000 € below the typical price (the median) for 2-room apartments in Grycka Mahala (43 properties) — 1,584 €/m² against 3,300 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

The apartment is located in the city of Varna, in the area of Gretska mahala. The property is part of a new-build with planned modern common areas and designer facade elements.

The layout includes an entrance hall, living area with kitchenette, bedroom, bathroom with toilet, and terrace, which is accessible from both rooms. The rooms have regular shapes and no walk-through spaces.

The building is brick, construction is planned for 2028, and it will have an elevator and access control. A parking space is planned for the property.

The location is in the ideal centre of Varna, close to retail outlets such as New Yorker and amenities nearby. The area offers easy access to urban infrastructure.

The property is suitable both for living and investment, combining a functional layout and conveniences in a central urban environment.

With 20% down over 20 years the monthly mortgage payment is about 443 €, against an expected local rent of 668 €. The rent covers the whole payment (151%).

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

Pros and cons

AI summary
Pros
  • functional layout
  • new-build
  • elevator
  • parking space
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. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 52% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 270 days.

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

    Because: The building dates from 2028.

  4. Is there enough daylight during the day?

    Because: The advertised exposure has no southern side.

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

Layout

  • hall
  • living area
  • kitchenette
  • bedroom
  • bathroom
  • toilet
  • terrace

Amenities

  • Elevator
  • With Parking
  • Access Control
  • Renovated

Exposure

AI summary
EEast

Morning sun, cooler afternoons

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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