Sale

Three-room apartment in Gretska mahala, Varna with courtyard parking

VarnaGrycka Mahala
Published: 5 January 2026 Updated: 7 September 2026
Sale415,000 €4,150 €/m²
Expected rent981 € /mo

~89,000 € ABOVE MARKET

overpriced

against the median for 3-room apartments in Grycka Mahala (52 properties)

Area
100 m²
Floor
3 / 5
Construction
Brick
Year
1970

Yield analysis

Low investment rating

2.8% / yr
Monthly payment1,841 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood

The rent covers 53% of the payment — you top up about 860 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 35 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▲ 3.8% · 15,000 €
  1. 400,000 €28 April 2026Initial price
  2. 415,000 €▲ 15,000 € (3.8%) 14 May 2026Price increasedCurrent

Property analysis

This apartment is priced about 89,000 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 4,150 €/m² against 3,261 €/m².

The offered property is a three-room apartment in the city of Varna, Gretska mahala district. It has an area of 100 sq m and is located on the 3rd floor of a brick building from 1979. The layout includes a living room with kitchenette, two bedrooms, bathroom and toilet, two corridors and separate storage rooms, providing convenient internal functionality. The building is brick, with five floors, and the apartment is on a middle floor, which contributes to better insulation and comfort. The location is close to the Maritime Administration, with easy access to the city centre, Sea Garden, schools and shops. The presence of a courtyard with controlled parking is an additional convenience. The property is suitable for living or investment, combining a convenient location and functional layout.

With 20% down over 20 years the monthly mortgage payment is about 1,841 €, against an expected local rent of 981 €. The rent covers 53% of it.

The asking price has risen by 15,000 € (3.8%) since it was first listed.

Source: Market statistics for 3-room apartments in Grycka Mahala

Pros and cons

AI summary
Pros
  • functional layout
  • courtyard parking
  • brick construction
  • central 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 imotesa

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

  1. What changed since the listing went up — a renovation, paperwork, something else?

    Because: The price is about 4% higher than when it was first advertised.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 271 days.

  3. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1970 — about 56 years old.

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
  • bedroom

Details

Category
Residential
Rooms
3

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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