Sale

4-bedroom apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 16 January 2026 Updated: 7 September 2026
Sale395,000 €2,194 €/m²
Expected rent783 € /mo

~167,500 € BELOW MARKET

good value

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

Area
180 m²
Floor
2 / 3
Construction
Brick

Yield analysis

Low investment rating

2.4% / yr
Monthly payment1,753 €20% down payment · 20 yrs · 3%
Expected rent783 €at market conditions for the neighbourhood

The rent covers 45% of the payment — you top up about 970 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 42 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

1 change since listing▼ 1.3% · 5,000 €
  1. 400,000 €5 May 2026Initial price
  2. 395,000 €▼ 5,000 € (1.3%) 7 May 2026Price reducedCurrent

Property analysis

This apartment is priced about 167,500 € below the typical price (the median) for 4-room apartments in Grycka Mahala (26 properties) — 2,194 €/m² against 3,125 €/m².

With 20% down over 20 years the monthly mortgage payment is about 1,753 €, against an expected local rent of 783 €. The rent covers 45% of it.

The asking price has fallen by 5,000 € (1.3%) since it was first listed.

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

    Because: The price per m² is about 30% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 260 days.

  3. Is there still room to negotiate?

    Because: The price has been cut once, by about 1%.

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

Details

Category
Residential
Rooms
4

Location

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