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
Sale465,000 €3,875 €/m²
Expected rent981 € /mo
~73,500 € ABOVE MARKET
above market
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
120 m²
Floor
4 / 6
Construction
Brick
Year
2024
Yield analysis
Low investment rating
Monthly payment2,063 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood
The rent covers 48% of the payment — you top up about 1,082 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 40 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 73,500 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 3,875 €/m² against 3,261 €/m².
3-room apartment in Varna city, Gretska mahala district, close to the Sea Garden.
The layout includes a spacious corridor, living room with access to a terrace, two bedrooms, two bathrooms with toilets, and a laundry room. The property has a functional layout and a partial view of the Sea Garden.
The building is new, built in 2024 with brick construction and features an elevator and access control. The apartment is finished to BDS standards, and the common areas are maintained.
The location is central, near the Sea Garden and the beach, providing convenient access to green spaces and urban amenities.
The property is suitable for family living with a good combination of comfort and functionality in an urban environment.
With 20% down over 20 years the monthly mortgage payment is about 2,063 €, against an expected local rent of 981 €. The rent covers 48% of it.
Source: Market statistics for 3-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- functional layout
- new building
- elevator
- close to Sea Garden
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 278 days.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- corridor
- living area
- bedroom
- bedroom
- laundry
- cellar
Amenities
- Elevator
- Access Control
Exposure
AI summarySSouth
Maximum sunlight throughout the day
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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