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
Sale359,000 €2,991 €/m²
Expected rent981 € /mo
~32,500 € BELOW MARKET
good value
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
120 m²
Floor
2 / 3
Construction
Brick
Year
2024
Yield analysis
Low investment rating
Monthly payment1,593 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood
The rent covers 62% of the payment — you top up about 612 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 30 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 32,500 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,991 €/m² against 3,261 €/m².
Three-room apartment in the central part of Varna, Greek Quarter district, near Advokatska Gradinka.
The layout includes an entrance hall, kitchen, dining room, two bedrooms and a terrace, providing convenient functionality for family living.
The property is in a new brick building from 2024, on the second of three floors, with well-maintained common areas and access control.
The location is close to central city amenities and green spaces, facilitating daily life and ensuring tranquility.
Suitable both for permanent residence and as an investment with good rental potential.
With 20% down over 20 years the monthly mortgage payment is about 1,593 €, against an expected local rent of 981 €. The rent covers 62% of it.
Source: Market statistics for 3-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- new-build
- functional layout
- terrace
- access control
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 imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 271 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
- kitchen
- dining room
- bedroom
- bedroom
- terrace
Amenities
- Access Control
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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