Sale

Three-room apartment in Gretska mahala, Varna with loggia

VarnaGrycka Mahala
Published: 27 December 2025 Updated: 10 September 2026
Sale196,600 €2,006 €/m²
Expected rent981 € /mo

~123,000 € BELOW MARKET

good value

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

Area
98 m²
Floor
4 / 9
Construction
Brick
Year
2028

Yield analysis

Fair investment rating

6% / yr
Monthly payment872 €20% down payment · 20 yrs · 3%
Expected rent981 €at market conditions for the neighbourhood

The rent covers 112% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 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 123,000 € below the typical price (the median) for 3-room apartments in Grycka Mahala (52 properties) — 2,006 €/m² against 3,261 €/m².

Three-room apartment in Varna, Gretska mahala district. The property is located on the 4th floor of 9 in a new building with a construction permit from 2028.

The layout includes an entrance hall, living area of 25.32 sq m, two bedrooms (15.45 and 16.73 sq m), bathroom with toilet, storage room and loggia. The spaces are separate and functional for family use.

The building is brick construction, will be finished to BDS standard and features an elevator and access control.

The location is close to the centre of Varna, with convenient access to public transport, shops, restaurants and the Sea Garden.

The property is suitable for those seeking a home in a central urban environment with amenities and a modern building.

With 20% down over 20 years the monthly mortgage payment is about 872 €, against an expected local rent of 981 €. The rent covers the whole payment (112%).

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

Pros and cons

AI summary
Pros
  • functional layout
  • elevator
  • central location
  • new building
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. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 39% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 280 days.

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

    Because: The building dates from 2028.

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 area 25.32
  • bedroom 15.45
  • bedroom 16.73
  • bathroom with toilet
  • storage room
  • loggia

Amenities

  • Elevator
  • Access Control

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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