Sale

Spacious 3-room apartment in Greek Quarter, Varna with parking

VarnaGrycka Mahala
Published: 7 March 2026 Updated: 8 September 2026
Sale285,000 €2,688 €/m²
Expected rent782 € /mo

~62,000 € BELOW MARKET

good value

against the median for apartments in Grycka Mahala (128 properties)

Area
106 m²
Floor
3 / 3
Construction
Brick
Year
1970

Yield analysis

Low investment rating

3.3% / yr
Monthly payment1,264 €20% down payment · 20 yrs · 3%
Expected rent782 €at market conditions for the neighbourhood

The rent covers 62% of the payment — you top up about 482 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 30 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▼ 4.7% · 14,000 €
  1. 299,000 €3 August 2026Initial price
  2. 285,000 €▼ 14,000 € (4.7%) 21 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 62,000 € below the typical price (the median) for apartments in Grycka Mahala (128 properties) — 2,688 €/m² against 3,272 €/m².

Apartment with an area of 106 sq m, located on the third (top) floor in a small brick building on Voden St, Varna, Greek Quarter.

Layout: two separate bedrooms, living room with dining area and kitchenette, bathroom with toilet, two terraces and a large corridor without walk-through rooms.

The building is a solid brick construction from 1970, with a maintained roof and secured parking space in the inner yard. The property requires renovation and includes a basement and an adjacent attic with potential for conversion.

The location is in the central urban area, close to the pedestrian zone and all key amenities, providing convenient access to services and transport.

The property is suitable for living or investment, offering a functional layout and possibilities for expanding the floor area.

With 20% down over 20 years the monthly mortgage payment is about 1,264 €, against an expected local rent of 782 €. The rent covers 62% of it.

The asking price has fallen by 14,000 € (4.7%) since it was first listed.

Source: Market statistics for apartments in Grycka Mahala

Pros and cons

AI summary
Pros
  • functional layout
  • southwest aspect
  • parking in yard
  • basement and attic
Cons
  • top floor
  • needs renovation

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 18% below the average for comparable properties.

  2. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 209 days.

  3. Is there still room to negotiate?

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

  4. 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.

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

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

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

Layout

  • bedroom
  • bedroom
  • living room with dining area and kitchenette

Amenities

  • With Parking
  • Internet Connection
  • Access Control
  • Needs Renovation

Details

Category
Residential
Bathrooms
1

Approximate location

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

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