Sale

Three-room apartment in Gretska mahala with parking in Varna

VarnaGrycka Mahala
Published: 6 August 2026 Updated: 6 August 2026
Sale409,000 €4,544 €/m²
Expected rent981 € /mo

~115,500 € ABOVE MARKET

overpriced

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

Area
90 m²
Floor
2 / 5
Construction
Brick
Year
2026

Yield analysis

Low investment rating

2.9% / yr
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 115,500 € above the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 4,544 €/m² against 3,261 €/m².

Three-room apartment in a new brick building from 2026 in Gretska mahala, Varna. The layout includes an entrance hall, living room, two bedrooms, and a loggia, providing functional use of the 90 sq m area. The building has controlled access and offers parking, and the apartment is on the second floor of five. The construction is of high quality, with new installations and modern materials, and the aspect is southeast/southwest, ensuring good natural light. The location is close to the Sea Garden, in an area with convenient access to urban infrastructure and green spaces. The property is suitable both for living and investment, combining comfort and functionality.

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 summary
Pros
  • functional layout
  • southeast aspect
  • new-build
  • parking
Cons

We didn't find any significant drawbacks in the listing. This doesn't replace an in-person viewing.

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

  1. Has Act 16 been issued, and what guarantees cover the common parts?

    Because: The building dates from 2026.

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

Layout

  • entrance hall
  • living room
  • bedroom
  • bedroom
  • loggia

Amenities

  • With Parking
  • Access Control

Details

Category
Residential
Rooms
3

Approximate location

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

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