Sale−60% below market

3-bedroom apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 3 May 2026 Updated: 9 September 2026
Sale144,990 €1,449 €/m²
Expected rent947 € /mo
Area
100 m²
Floor
5 / 5
Construction
Brick
Year
2007

Yield analysis

Good investment rating

7.8% / yr
Monthly payment643 €20% down payment · 20 yrs · 3%
Expected rent947 €at market conditions for the neighbourhood

The rent covers 147% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

5 changes since listing▼ 53.2% · 164,910 €
  1. 309,900 €8 January 2026Initial price
  2. 299,500 €▼ 10,400 € (3.4%) 27 January 2026Price reduced
  3. 291,000 €▼ 8,500 € (2.8%) 2 February 2026Price reduced
  4. 149,900 €▼ 141,100 € (48.5%) 30 March 2026Price reduced
  5. 299,000 €▲ 149,100 € (99.5%) 3 May 2026Price increased
  6. 144,990 €▼ 154,010 € (51.5%) 19 May 2026Price reducedCurrent

Property analysis

This apartment is priced 60% below the typical price (the median) for comparable properties — 1,318 €/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.

With 20% down over 20 years the monthly mortgage payment is about 643 €, against an expected local rent of 947 €. The rent covers the whole payment (147%).

The asking price has fallen by 164,910 € (53.2%) since it was first listed.

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

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 60% below the average for comparable properties.

  2. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 4 times — about 53% below the original asking price.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 268 days.

  4. What condition is the roof in, and does it overheat in summer?

    Because: The property is on the top floor.

  5. 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.

Amenities

  • Elevator
  • With Parking
  • Internet Connection
  • Renovated
  • Tax Credit Option

Exposure

AI summary
EEast

Morning sun, cooler afternoons

WWest

Afternoon and evening sun

Details

Category
Residential
Rooms
3
Bathrooms
1
Furnishing
Yes

Approximate location

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

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