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
Sale299,000 €3,322 €/m²
Expected rent981 € /mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Grycka Mahala (52 properties)
Area
90 m²
Floor
2 / 4
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,327 €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 346 €/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 at the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 3,322 €/m² against 3,261 €/m².
Three-room apartment in Varna city, Gretska mahala district, near the Roman Baths. The property is located on the second floor of a brick building with four floors and controlled access.
The layout includes a spacious living room with kitchen area, two bedrooms, one of which has access to a panoramic terrace, a bathroom with toilet, and a corridor. The apartment also has a basement room with access to the inner courtyard.
The building is brick and well-maintained, and the apartment has undergone a fresh renovation, making it ready for use or rental.
The location is central, close to the Sea Garden, the beach, transport connections, and various amenities such as schools and shops.
The property is suitable for living or investment, combining convenience and a good location.
With 20% down over 20 years the monthly mortgage payment is about 1,327 €, 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
- functional layout
- panoramic terrace
- brick construction
- central location
Cons
We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.
Layout
- living room (22 sq m)
- bedroom (20 sq m)
- bedroom (11 sq m)
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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