Sale

Three-room apartment in Gretska mahala with terrace in Varna

VarnaGrycka Mahala
Published: 8 September 2026 Updated: 8 September 2026
Sale330,000 €2,750 €/m²
Expected rent981 € /mo

~61,500 € BELOW MARKET

good value

against the median for 3-room apartments in Grycka Mahala (52 properties)

Area
120 m²
Floor
1 / 3
Construction
Brick

Yield analysis

Low investment rating

3.6% / yr
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood

The rent covers 67% of the payment — you top up about 483 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 28 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 61,500 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,750 €/m² against 3,261 €/m².

Three-room apartment in the Gretska mahala district, Varna. The property has a floor area of 120 sq m and is located on the first floor of a three-storey brick building.

The layout includes an entrance hall, spacious living room, separate kitchen, two bedrooms, bathroom and toilet, as well as a terrace. This provides convenience and clear separation of the living and utility areas.

The building is insulated and equipped with video surveillance, access control, and automatic night external lighting. The apartment has air conditioning and an air purification system, which enhances living comfort.

The location is close to the Sea Garden and the Summer Theatre, offering easy access to green spaces and cultural events. The surroundings are quiet and well maintained.

The property is suitable for those seeking a home with a functional layout in a central urban environment with amenities for comfortable living.

With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 981 €. The rent covers 67% of it.

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

Pros and cons

AI summary
Pros
  • functional layout
  • terrace
  • access control
  • air conditioning
Cons
  • ground floor

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 16% below the average for comparable properties.

  2. Is there damp, is there enough daylight, and what is the noise like?

    Because: The property is on the first floor.

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

Amenities

  • Internet Connection
  • Video Surveillance
  • Access Control
  • Renovated
  • Tax Credit Option

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.

Similar properties nearby