At market level
median 3,202 €/m² for comparable properties
620,000 € 2,995 €/m²
Rent covers ~ 29% of the payment
~ 786 €/mo rent · you top up ~ 1,965 €/mo
Sale330,000 €4,925 €/m²
Expected rent671 € /mo
~107,000 € ABOVE MARKET
overpriced
against the median for 2-room apartments in Grycka Mahala (42 properties)
Area
67 m²
Floor
4 / 5
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent671 €at market conditions for the neighbourhood
The rent covers 46% of the payment — you top up about 793 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 41 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▼ 1.5% · 5,000 €
- 335,000 €
- 330,000 €▼ 5,000 € (1.5%)
Property analysis
This apartment is priced about 107,000 € above the typical price (the median) for 2-room apartments in Grycka Mahala (42 properties) — 4,925 €/m² against 3,328 €/m².
Two-room apartment with an area of 67 sq m, located on the 4th floor of 5 in Gretska mahala, Varna.
The layout includes a spacious living room with kitchen area and dining space, bedroom, corridor, bathroom with toilet, balcony, and storage/laundry room.
The building is brick with an elevator and well-maintained common areas; heating and cooling are provided by inverter air conditioners.
The location is a quiet and well-connected street, close to the Sea Garden, the beach, and various amenities.
The property is suitable for year-round living or investment, combining convenience and functionality in the city centre.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 671 €. The rent covers 46% of it.
The asking price has fallen by 5,000 € (1.5%) since it was first listed.
Source: Market statistics for 2-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- functional layout
- elevator
- balcony
- good 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 imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Is there still room to negotiate?
Because: The price has been cut once, by about 1%.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living room
- bedroom
- corridor
- bathroom
- balcony
- storage
Amenities
- Elevator
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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