Sale

Multi-room apartment with 3 terraces in Gretska Mahala, Varna

VarnaGrycka Mahala
Published: 20 July 2026 Updated: 30 September 2026
Sale620,000 €2,995 €/m²
Expected rent786 € /mo

AT MARKET LEVEL

fairly priced

against the median for 4-room apartments in Grycka Mahala (25 properties)

Area
207 m²
Floor
4 / 6
Construction
Brick
Year
1999

Yield analysis

Low investment rating

1.5% / yr
Monthly payment2,751 €20% down payment · 20 yrs · 3%
Expected rent786 €at market conditions for the neighbourhood

The rent covers 29% of the payment — you top up about 1,965 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 66 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▲ 21.6% · 110,000 €
  1. 510,000 €20 July 2026Initial price
  2. 620,000 €▲ 110,000 € (21.6%) 12 August 2026Price increased
  3. 510,000 €▼ 110,000 € (17.7%) 23 September 2026Price reduced
  4. 620,000 €▲ 110,000 € (21.6%) 30 September 2026Price increasedCurrent

Property analysis

This apartment is priced at the typical price (the median) for 4-room apartments in Grycka Mahala (25 properties) — 2,995 €/m² against 3,202 €/m².

Multi-room apartment with an area of 207 sq m, located in the Gretska Mahala district, Varna. The property is on the 4th floor of 6 in a brick building from 1999.

The layout is on three levels: first level with living room, kitchenette, dining room, fireplace and terrace; second level with two children's rooms, master bedroom with walk-in closet, bathroom and terrace; third level with attic space and terrace with barbecue and sea view.

The building is brick, with normally maintained common areas and essential utilities provided. The apartment is furnished and ready for use.

The location is in a prestigious area, close to the Sea Garden, the beach and the centre of Varna, with convenient access to cultural and gastronomic venues.

The property is suitable for family living with an emphasis on space and amenities in an urban environment.

With 20% down over 20 years the monthly mortgage payment is about 2,751 €, against an expected local rent of 786 €. The rent covers 29% of it.

The asking price has risen by 110,000 € (21.6%) since it was first listed.

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

Pros and cons

AI summary
Pros
  • functional layout
  • three terraces
  • sea view
  • prestigious location
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. What changed since the listing went up — a renovation, paperwork, something else?

    Because: The price is about 22% higher than when it was first advertised.

  2. Is there a lift in the building, and what condition is it in?

    Because: The property is on floor 4 and the listing does not mention a lift.

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

Layout

  • living room 75sq
  • kitchenette
  • dining room
  • children's room
  • children's room
  • master bedroom
  • attic space

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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