Sale

3-room apartment in Gretska mahala with partial sea view

VarnaGrycka Mahala
Published: 7 January 2026 Updated: 1 October 2026
Sale210,000 €2,800 €/m²
Expected rent981 € /mo

~34,500 € BELOW MARKET

good value

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

Area
75 m²
Floor
4 / 5
Construction
Brick
Year
1960

Yield analysis

Fair investment rating

5.6% / yr
Monthly payment932 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood

The rent covers 105% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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 34,500 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,800 €/m² against 3,261 €/m².

Apartment with three rooms in Gretska mahala, Varna, near the District Court.
The layout includes a kitchen, bedroom, living room, bathroom with toilet, and a wide corridor, with southeast aspect and a view of the inner courtyard and partial sea view.
The building is from old brick construction dating back to 1960, with high ceilings (3 m) and a functional room layout.
The location is central, close to a pedestrian alley, institutions, schools, and commercial outlets.
The property is suitable for people seeking accommodation with conveniences in the city centre and classic architecture.

With 20% down over 20 years the monthly mortgage payment is about 932 €, against an expected local rent of 981 €. The rent covers the whole payment (105%).

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

Pros and cons

AI summary
Pros
  • functional layout
  • southeast aspect
  • partial sea view
  • high ceilings
Cons
  • in need of renovation
  • old construction

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 14% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 268 days.

  3. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1960 — about 66 years old.

  4. Is there a lift in the building, and what condition is it in?

    Because: The property is on floor 4 and the listing does not mention a lift.

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

Layout

  • kitchen
  • bedroom
  • living room

Details

Category
Residential
Rooms
3
Bathrooms
1

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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