Sale

House in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 8 April 2025 Updated: 8 April 2025
Sale1,000,000 €2,083 €/m²
Expected rent1,748 € /mo

~380,000 € BELOW MARKET

good value

against the median for houses in Grycka Mahala (8 properties)

Area
480 m²
Construction
Brick

Yield analysis

Low investment rating

2.1% / yr
Monthly payment4,437 €20% down payment · 20 yrs · 3%
Expected rent1,748 €at market conditions for the neighbourhood

The rent covers 39% of the payment — you top up about 2,689 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 48 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Property analysis

This house is priced about 380,000 € below the typical price (the median) for houses in Grycka Mahala (8 properties) — 2,083 €/m² against 2,875 €/m².

With 20% down over 20 years the monthly mortgage payment is about 4,437 €, against an expected local rent of 1,748 €. The rent covers 39% of it.

Source: Market statistics for houses in Grycka Mahala

Details

Category
Residential
Bathrooms
5

Location

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