At market level
median 3,125 €/m² for comparable properties
620,000 € 2,995 €/m²
Rent covers ~ 28% of the payment
~ 783 €/mo rent · you top up ~ 1,968 €/mo
Sale445,000 €4,450 €/m²
Expected rent981 € /mo
~119,000 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
100 m²
Floor
4 / 5
Construction
Brick
Year
2005
Yield analysis
Low investment rating
Monthly payment1,974 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood
The rent covers 50% of the payment — you top up about 993 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 38 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 119,000 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 4,450 €/m² against 3,261 €/m².
Three-room apartment in Varna city, Gretska mahala district, near Cherno More hotel and the Sea Garden.
The layout includes an entrance hall, spacious living room with kitchen, two bedrooms, two terraces, bathroom with toilet and separate toilet, providing convenience and functionality.
The property is in a brick building from 2005, on the fourth floor of five with elevator and access control. The apartment has been renovated, is air-conditioned and gasified.
The location is central with easy access to key points such as Sevastopol and the Sea Garden, contributing to convenience for daily needs and transport.
Suitable for people seeking a home with a good location and functional layout in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 1,974 €, against an expected local rent of 981 €. The rent covers 50% of it.
Source: Market statistics for 3-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- functional layout
- two terraces
- elevator
- gasified
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Questions for the viewing
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What feedback have previous viewers given?
Because: We have been tracking this listing for about 267 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- entrance hall
- living room
- bedroom
- bedroom
- bathroom
- toilet
Amenities
- Elevator
- Access Control
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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