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, located on the second floor of a brick building with access control.
The layout includes an entrance hall, kitchen with dining area, master bedroom, children's room, bathroom with toilet and two terraces, one of which offers a view of the Roman Baths.
The building is brick, and the apartment has been freshly renovated and is offered furnished, ready for use or rental. The property also includes an adjacent basement.
The location is communicative and quiet, close to the Sea Garden and main boulevards, providing living conveniences and investment opportunities.
The property is suitable both as a family home and as an investment project with potential for redevelopment.
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
- two terraces
- access control
- close to Sea Garden
- potential for redevelopment
Cons
- blue zone parking
Layout
- entrance hall
- kitchen
- dining area
- bedroom
- bedroom
- bathroom
Amenities
- Access Control
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 1
- Furnishing
- Yes
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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