Sale

Floor of a house with 8 rooms in Gretska Mahala, Varna

VarnaGrycka Mahala

Published: 5 January 2026 Updated: 30 September 2026

Sale590,000 €2,950 €/m²

Expected rent676 € /mo

~223,500 € ABOVE MARKET

overpriced

against the median for floors of house in Varna (71 properties)

Area

200 m²

Floor

2 / 3

Construction

Brick

Year

1930

Yield analysis

Low investment rating

1.4% / yr

Monthly payment2,618 €20% down payment · 20 yrs · 3%

Expected rent676 €at market conditions for the neighbourhood

The rent covers 26% of the payment — you top up about 1,942 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 73 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Property analysis

This floor of House is priced about 223,500 € above the typical price (the median) for floors of house in Varna (71 properties) — 2,950 €/m² against 1,832 €/m².

The property is a floor of a house in the city of Varna, Gretska Mahala district, near the Lawyer's Garden.

The layout includes eight rooms, three sanitary facilities, a vestibule, an entrance hall and three terraces, one of which overlooks an inner courtyard.

The building is solid brick from 1930, with high ceilings and a basement of 45 sq m, a laundry room and land of 110 sq m.

The location is central with quick access to the pedestrian zone of Knyaz Boris I Blvd, the Cathedral and numerous amenities.

The property is suitable for living or office use, offering the possibility to create two separate properties.

With 20% down over 20 years the monthly mortgage payment is about 2,618 €, against an expected local rent of 676 €. The rent covers 26% of it.

Source: Market statistics for floors of house in Varna