Sale

Three-room apartment in Gretska mahala with two terraces

VarnaGrycka Mahala
Published: 1 July 2026 Updated: 24 September 2026
Sale206,000 €2,481 €/m²
Expected rent980 € /mo

~64,500 € BELOW MARKET

good value

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

Area
83 m²
Floor
4 / 4
Construction
Brick
Year
1997

Yield analysis

Fair investment rating

5.7% / yr
Monthly payment914 €20% down payment · 20 yrs · 3%
Expected rent980 €at market conditions for the neighbourhood

The rent covers 107% 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.

Price history

1 change since listing▼ 5.9% · 13,000 €
  1. 219,000 €1 July 2026Initial price
  2. 206,000 €▼ 13,000 € (5.9%) 7 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 64,500 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,481 €/m² against 3,261 €/m².

The apartment is located in Gretska mahala, Varna city, on the fourth floor of four. It features a living area with kitchen, two bedrooms, two terraces, corridor, bathroom and toilet. The property has a functional layout and additionally offers a basement. The building is brick-built, constructed in 1997, with no data on additional amenities. The location is close to the Sea Garden, Naval Museum and the beach, on a quiet street with controlled access. The property is suitable for those seeking proximity to the sea and convenient city living. Overall, it presents a balanced property with a good location and practical layout.

With 20% down over 20 years the monthly mortgage payment is about 914 €, against an expected local rent of 980 €. The rent covers the whole payment (107%).

The asking price has fallen by 13,000 € (5.9%) since it was first listed.

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

Pros and cons

AI summary
Pros
  • functional layout
  • two terraces
  • close to Sea Garden
  • brick construction
Cons
  • top floor
  • no elevator
  • no additional amenities

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 24% below the average for comparable properties.

  2. Is there still room to negotiate?

    Because: The price has been cut once, by about 6%.

  3. What condition is the roof in, and does it overheat in summer?

    Because: The property is on the top floor.

  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

  • living area
  • bedroom
  • bedroom

Details

Category
Residential
Rooms
3
Bathrooms
2
Furnishing
Yes

Approximate location

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

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