Sale

3-bedroom apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 9 October 2025 Updated: 4 August 2026
Sale260,000 €4,333 €/m²
Expected rent980 € /mo

~64,500 € ABOVE MARKET

overpriced

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

Area
60 m²
Floor
3 / 4
Construction
Brick
Year
2000

Yield analysis

Fair investment rating

4.5% / yr
Monthly payment1,154 €20% down payment · 20 yrs · 3%
Expected rent980 €at market conditions for the neighbourhood

The rent covers 85% of the payment — you top up about 174 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 22 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 64,500 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 4,333 €/m² against 3,261 €/m².

With 20% down over 20 years the monthly mortgage payment is about 1,154 €, against an expected local rent of 980 €. The rent covers 85% of it.

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

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Amenities

  • Internet Connection
  • Active Business
  • 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.

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