Sale

3-room apartment in Greek Quarter with authentic character

VarnaGrycka Mahala
Published: 1 September 2026 Updated: 1 September 2026
Sale349,000 €3,877 €/m²
Expected rent674 € /mo

~192,000 € ABOVE MARKET

overpriced

against the median for floors of house in Varna (72 properties)

Area
90 m²
Floor
1 / 3
Construction
Brick
Year
1920

Yield analysis

Low investment rating

2.3% / yr
Monthly payment1,548 €20% down payment · 20 yrs · 3%
Expected rent674 €at market conditions for the neighbourhood

The rent covers 44% of the payment — you top up about 874 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 43 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 192,000 € above the typical price (the median) for floors of house in Varna (72 properties) — 3,877 €/m² against 1,747 €/m².

Apartment on the first floor of a three-storey building located in the Greek Quarter, Varna.

The layout includes a living room with kitchen, two bedrooms and a bathroom with toilet, with high ceilings and preserved architectural elements contributing to a sense of space and character.

The building is brick from 1920, and the apartment has been fully renovated with replaced plumbing and electrical installations, combining authentic style with modern conveniences.

The location is central, close to the Small Roman Baths, St. Paraskeva Church, the Sea Garden and other urban amenities.

The property is suitable for those seeking a home with historical value and functional layout in the centre of Varna.

With 20% down over 20 years the monthly mortgage payment is about 1,548 €, against an expected local rent of 674 €. The rent covers 44% of it.

This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 15 days.

Source: Market statistics for floors of house in Varna

Pros and cons

AI summary
Pros
  • functional layout
  • preserved architectural elements
  • central location
Cons
  • ground floor
  • old building

Layout

  • living room
  • kitchen
  • bedroom
  • bedroom

Details

Category
Residential
Rooms
3
Bathrooms
1
Furnishing
Yes

Approximate location

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

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