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
Sale299,990 €2,399 €/m²
Expected rent981 € /mo
~107,500 € BELOW MARKET
good value
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
125 m²
Floor
7 / 8
Construction
Brick
Year
2004
Yield analysis
Low investment rating
Monthly payment1,331 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood
The rent covers 74% of the payment — you top up about 350 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 25 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 107,500 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,399 €/m² against 3,261 €/m².
3-room apartment in Varna, Gretska mahala district, located on the 7th floor of 8 in a brick building from 2004 with elevator.
The layout includes a living area with kitchen over 40 sq m, two bedrooms (16 and 18 sq m), two terraces, a large bathroom and separate toilet.
The building is maintained, the construction is brick, and the property has all necessary amenities and a basement storage room.
The location is close to the Sea Station and the central part of Varna, with easy access to public transport, shops and green areas.
The property is suitable for people looking for a spacious residential property with a good location and view in the city centre.
With 20% down over 20 years the monthly mortgage payment is about 1,331 €, against an expected local rent of 981 €. The rent covers 74% of it.
Source: Market statistics for 3-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- south aspect
- panoramic view
- functional layout
- elevator
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.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 26% below the average for comparable properties.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- living area over 40 sq m
- bedroom 16 sq m
- bedroom 18 sq m
Amenities
- Elevator
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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