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
Sale409,000 €4,987 €/m²
Expected rent981 € /mo
~141,500 € ABOVE MARKET
overpriced
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
82 m²
Floor
1 / 4
Construction
Brick
Year
2026
Yield analysis
Low investment rating
Monthly payment1,815 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood
The rent covers 54% of the payment — you top up about 834 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 35 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 141,500 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 4,987 €/m² against 3,261 €/m².
3-room apartment in Varna city, Gretska mahala district, in a new building from 2026 on the first floor.
The layout includes a spacious living room with kitchenette, two bedrooms, and a bathroom with toilet, providing functionality and convenience.
The building is brick with modern architecture, equipped with an elevator and parking space, and the property has an issued Act 16 and is ready for occupancy.
The location is in the centre of Varna, on a quiet street, about 200 metres from the Sea Garden and close to urban amenities.
The property is suitable for living or investment, combining convenience and access to city infrastructure.
With 20% down over 20 years the monthly mortgage payment is about 1,815 €, against an expected local rent of 981 €. The rent covers 54% of it.
Source: Market statistics for 3-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- functional layout
- new-build
- elevator
- parking space
Cons
- ground floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Has Act 16 been issued, and what guarantees cover the common parts?
Because: The building dates from 2026.
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.
Layout
- living room
- bedroom
- bedroom
Amenities
- Elevator
- With Parking
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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