Sale

2-room apartment in Gretska mahala, Varna with two terraces

VarnaGrycka Mahala
Published: 7 August 2026 Updated: 7 August 2026
Sale330,000 €4,852 €/m²
Expected rent668 € /mo

~105,500 € ABOVE MARKET

overpriced

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

Area
68 m²
Floor
4 / 6
Construction
Brick
Year
2012

Yield analysis

Low investment rating

2.4% / yr
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent668 €at market conditions for the neighbourhood

The rent covers 46% of the payment — you top up about 796 €/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.

Property analysis

This apartment is priced about 105,500 € above the typical price (the median) for 2-room apartments in Grycka Mahala (43 properties) — 4,852 €/m² against 3,300 €/m².

The apartment is located in Gretska mahala, Varna, on the fourth floor of a six-storey building. It features two rooms and two terraces, providing additional space and ventilation options. The property was built with brick materials in 2012 and includes an elevator and access control. The building has energy class A, ensuring lower heating and cooling costs. The location is central, close to main city amenities and transport connections. The property is suitable for those seeking convenience in an urban environment with a good balance of functionality and comfort.

With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 668 €. The rent covers 46% of it.

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

Pros and cons

AI summary
Pros
  • functional layout
  • southeast aspect
  • elevator and access control
  • energy efficiency class A
Cons

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

Layout

  • bedroom
  • living room

Amenities

  • Elevator
  • Access Control

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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