Sale

apartment in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 4 March 2026 Updated: 3 July 2026
Sale245,750 €2,507 €/m²
Expected rent782 € /mo

~75,000 € BELOW MARKET

good value

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

Area
98 m²
Construction
Brick
Year
2028

Yield analysis

Low investment rating

3.8% / yr
Monthly payment1,090 €20% down payment · 20 yrs · 3%
Expected rent782 €at market conditions for the neighbourhood

The rent covers 72% of the payment — you top up about 308 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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▲ 25% · 49,150 €
  1. 196,600 €4 March 2026Initial price
  2. 245,750 €▲ 49,150 € (25%) 3 July 2026Price increasedCurrent

Property analysis

This apartment is priced about 75,000 € below the typical price (the median) for apartments in Grycka Mahala (128 properties) — 2,507 €/m² against 3,272 €/m².

With 20% down over 20 years the monthly mortgage payment is about 1,090 €, against an expected local rent of 782 €. The rent covers 72% of it.

The asking price has risen by 49,150 € (25%) since it was first listed.

Source: Market statistics for 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. What changed since the listing went up — a renovation, paperwork, something else?

    Because: The price is about 25% higher than when it was first advertised.

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

    Because: The price per m² is about 23% below the average for comparable properties.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 212 days.

  4. Has Act 16 been issued, and what guarantees cover the common parts?

    Because: The building dates from 2028.

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

Details

Category
Residential
Bathrooms
1

Approximate location

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

Similar properties nearby