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 / 6
Construction
Brick
Year
2012
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▲ 17.9% · 50,000 €
- 280,000 €
- 330,000 €▲ 50,000 € (17.9%)
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.
The presented property is a two-room apartment located in Gretska mahala, Varna, close to the Sea Garden and the beach. The apartment is on the 4th floor of 6 in a building with an elevator. The layout includes two terraces, which add extra space and comfort. The apartment has a southeast and southwest aspect, providing good natural light and warmth. The building dates from 2012, with brick construction and maintained common areas. The location is central, with easy access to restaurants, cafes, shops, and cultural landmarks. The property is suitable both for permanent residence and as an investment with rental potential. Overall, the property offers convenience and functionality in a preferred area of Varna.
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 risen by 50,000 € (17.9%) since it was first listed.
Source: Market statistics for 2-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- two terraces
- elevator
- southeast aspect
- close to Sea Garden
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.
What changed since the listing went up — a renovation, paperwork, something else?
Because: The price is about 18% higher than when it was first advertised.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- bedroom
- bedroom
Amenities
- Elevator
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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