Sale

4-room apartment with sea view in Gretska mahala, Varna

VarnaGrycka Mahala
Published: 3 August 2026 Updated: 29 September 2026
Sale950,000 €4,634 €/m²
Expected rent783 € /mo

~309,500 € ABOVE MARKET

overpriced

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

Area
205 m²
Floor
7 / 9
Construction
Brick
Year
2016
Heating
Gas

Yield analysis

Low investment rating

1% / yr
Monthly payment4,215 €20% down payment · 20 yrs · 3%
Expected rent783 €at market conditions for the neighbourhood

The rent covers 19% of the payment — you top up about 3,432 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 101 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▼ 5% · 50,000 €
  1. 1,000,000 €3 August 2026Initial price
  2. 950,000 €▼ 50,000 € (5%) 31 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 309,500 € above the typical price (the median) for 4-room apartments in Grycka Mahala (26 properties) — 4,634 €/m² against 3,125 €/m².

4-room apartment in Varna city, Gretska mahala district, on the seventh floor of a 2016 brick building.
The layout includes a 70 sq m living room, three bedrooms, two bathrooms with toilets, a storage room and two terraces, providing comfort and functionality.
The building has an elevator and controlled access, with the option to purchase two parking spaces.
The location is close to the sea shore, in a quiet and well-developed part of the city.
The property is suitable for families seeking a spacious home with amenities and sea views.

With 20% down over 20 years the monthly mortgage payment is about 4,215 €, against an expected local rent of 783 €. The rent covers 19% of it.

The asking price has fallen by 50,000 € (5%) since it was first listed.

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

Pros and cons

AI summary
Pros
  • sea view
  • functional layout
  • new building
  • elevator
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. Is there still room to negotiate?

    Because: The price has been cut once, by about 5%.

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

Layout

  • 70 sq m living room
  • bedroom
  • bedroom
  • bedroom

Amenities

  • Elevator
  • With Parking

Details

Category
Residential
Rooms
4
Bathrooms
2

Approximate location

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

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