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
Sale330,000 €2,750 €/m²
Expected rent783 € /mo
~45,000 € BELOW MARKET
good value
against the median for 4-room apartments in Grycka Mahala (26 properties)
Area
120 m²
Floor
3 / 3
Construction
Brick
Yield analysis
Low investment rating
Monthly payment1,464 €20% down payment · 20 yrs · 3%
Expected rent783 €at market conditions for the neighbourhood
The rent covers 53% of the payment — you top up about 681 €/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 45,000 € below the typical price (the median) for 4-room apartments in Grycka Mahala (26 properties) — 2,750 €/m² against 3,125 €/m².
Four-room apartment with an area of 120 sq m, located in Gretska mahala, Varna. The property is on the top floor (3/3) and represents a floor of a house.
The layout includes three bedrooms, a living room, kitchen, two bathrooms, a large corridor, and a terrace. The apartment has a functional layout and individual heating.
The building is brick, and the property is in need of renovation, which allows for adaptation according to the needs of future occupants. The property includes a large basement, an attic room, and a share of the plot.
The location is close to the Center, Sea Garden, and the beach, with the area being historic and offering amenities within walking distance.
It is suitable for people looking for a spacious family home with a good location and the possibility to renovate according to personal preferences.
With 20% down over 20 years the monthly mortgage payment is about 1,464 €, against an expected local rent of 783 €. The rent covers 53% of it.
Source: Market statistics for 4-room apartments in Grycka Mahala
Pros and cons
AI summaryPros
- functional layout
- southeast aspect
- close to center
- large basement and attic
Cons
- needs renovation
- top floor
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 12% below the average for comparable properties.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Layout
- bedroom
- bedroom
- bedroom
- living room
- kitchen
- corridor
- terrace
Details
- Category
- Residential
- Rooms
- 4
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
−36% below market
median 3,125 €/m² for comparable properties
319,990 € 1,999 €/m²
Rent covers ~ 55% of the payment
~ 783 €/mo rent · you top up ~ 637 €/mo
−14% below market
median 3,261 €/m² for comparable properties
210,000 € 2,800 €/m²
Rent covers ~ 105% of the payment
~ 981 €/mo rent · pays for itself in ~ 18 yrs
+48% above market
median 3,125 €/m² for comparable properties
950,000 € 4,634 €/m²
Rent covers ~ 19% of the payment
~ 783 €/mo rent · you top up ~ 3,432 €/mo
+49% above market
median 3,300 €/m² for comparable properties
330,000 € 4,925 €/m²
Rent covers ~ 46% of the payment
~ 668 €/mo rent · you top up ~ 796 €/mo
+28% above market
median 2,520 €/m² for comparable properties
499,950 € 3,333 €/m²
Rent covers ~ 52% of the payment
~ 1,155 €/mo rent · you top up ~ 1,063 €/mo
+49% above market
median 3,300 €/m² for comparable properties
330,000 € 4,925 €/m²
Rent covers ~ 46% of the payment
~ 668 €/mo rent · you top up ~ 796 €/mo
+16% above market
median 3,300 €/m² for comparable properties
297,670 € 3,816 €/m²
Rent covers ~ 51% of the payment
~ 668 €/mo rent · you top up ~ 653 €/mo