Sale

4-bedroom apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 7 November 2025 Updated: 5 June 2026
Sale229,990 €2,499 €/m²
Expected rent783 € /mo

~57,500 € BELOW MARKET

good value

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

Area
92 m²
Floor
2 / 2
Construction
Wooden Frame
Year
1970

Yield analysis

Fair investment rating

4.1% / yr
Monthly payment1,020 €20% down payment · 20 yrs · 3%
Expected rent783 €at market conditions for the neighbourhood

The rent covers 77% of the payment — you top up about 237 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 24 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 57,500 € below the typical price (the median) for 4-room apartments in Grycka Mahala (26 properties) — 2,499 €/m² against 3,125 €/m².

With 20% down over 20 years the monthly mortgage payment is about 1,020 €, against an expected local rent of 783 €. The rent covers 77% of it.

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 20% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 329 days.

  3. 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.

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

    Because: The building dates from 1970 — about 56 years old.

  5. 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.

Amenities

  • Video Surveillance
  • Access Control
  • Renovated
  • Needs Renovation

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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