Sale

4-bedroom apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 10 October 2025 Updated: 6 September 2026
Sale182,000 €1,516 €/m²
Expected rent783 € /mo

~193,000 € BELOW MARKET

far below market

against the median for 4-room apartments in Grycka Mahala (26 properties)

A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

Area
120 m²
Floor
4 / 4
Construction
Wooden Frame
Year
1920

Yield analysis

Fair investment rating

5.2% / yr
Monthly payment807 €20% down payment · 20 yrs · 3%
Expected rent783 €at market conditions for the neighbourhood

The rent covers 97% of the payment — you top up about 24 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 19 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 193,000 € below the typical price (the median) for 4-room apartments in Grycka Mahala (26 properties) — 1,516 €/m² against 3,125 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

With 20% down over 20 years the monthly mortgage payment is about 807 €, against an expected local rent of 783 €. The rent covers 97% of it.

This property is advertised in 2 offers from 2 different sellers. The gap between the cheapest and the dearest is 77,000 €. It has been listed for 358 days.

Source: Market statistics for 4-room apartments in Grycka Mahala

Questions for the viewing

Only on imotesa

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

  1. Which price is the real one, and who am I negotiating with?

    Because: The property appears in 2 listings, and the prices differ by about 30%.

  2. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 52% below the average for comparable properties.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 358 days.

  4. What is the scope of the work, and are there hidden problems with the wiring or plumbing?

    Because: The listing states that the property needs renovation.

  5. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1920 — about 106 years old.

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

Amenities

  • Access Control
  • Needs Renovation
  • With Transition
  • With Parking
  • Tax Credit Option

Details

Category
Residential
Rooms
4
Bathrooms
1

Approximate location

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

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