Sale

Three-room apartment with two terraces in Greek Quarter, Varna

VarnaGrycka Mahala
Published: 3 March 2026 Updated: 9 September 2026
Sale438,000 €4,336 €/m²
Expected rent883 € /mo

~150,500 € ABOVE MARKET

overpriced

against the median for 3-room apartments in Grycka Mahala (245 properties)

Area
101 m²
Floor
5 / 6
Construction
Brick
Year
2006

Yield analysis

Low investment rating

2.4% / yr
Monthly payment1,943 €20% down payment · 20 yrs · 3%
Expected rent883 €at market conditions for the neighbourhood

The rent covers 45% of the payment — you top up about 1,060 €/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

4 changes since listing▼ 1.6% · 6,900 €
  1. 444,900 €4 April 2026Initial price
  2. 445,000 €▲ 100 € (0%) 18 May 2026Price increased
  3. 440,000 €▼ 5,000 € (1.1%) 3 June 2026Price reduced
  4. 440,000 €▲ 0 € (0%) 3 June 2026Price increased
  5. 438,000 €▼ 2,000 € (0.5%) 31 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 150,500 € above the typical price (the median) for 3-room apartments in Grycka Mahala (245 properties) — 4,336 €/m² against 2,846 €/m².

A three-room apartment is offered in the Greek Quarter, Varna, near the Cherno More hotel.
The property has a layout: entrance hall, living area with kitchen and dining corner, two bedrooms and two terraces (one open and one glazed).
The building is brick from 2006, with an elevator and controlled access, and the apartment has southeast and southwest aspect, providing good natural light.
The location is close to a pedestrian zone, Knyaz Boris and Slivnitsa Boulevards, the Sea Garden and numerous commercial and cultural sites.
The property is suitable for living or investment, combining convenience and a good location.

With 20% down over 20 years the monthly mortgage payment is about 1,943 €, against an expected local rent of 883 €. The rent covers 45% of it.

This property is advertised in 2 offers, all from the same agency. The gap between the cheapest and the dearest is 2,000 €. It has been listed for 214 days. The asking price has fallen by 6,900 € (1.6%) since it was first listed.

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

Pros and cons

AI summary
Pros
  • southern aspect
  • two terraces
  • elevator
  • controlled access
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. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 2 times — about 2% below the original asking price.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 214 days.

  3. Who am I negotiating with, and who is authorised to agree a price?

    Because: The property appears in 2 listings at the same price.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • entrance hall
  • bathroom with toilet
  • toilet
  • living area
  • kitchen area
  • dining corner
  • relaxation corner
  • bedroom
  • bedroom

Amenities

  • Elevator
  • Access Control
  • Renovated

Details

Category
Residential
Rooms
3
Bathrooms
2
Furnishing
Yes

Approximate location

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

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