Sale

Two-room apartment in Elenovo 1, Blagoevgrad with large terrace

BlagoevgradElenovo 1

Published: 3 October 2026 Updated: 3 October 2026

Sale61,000 €924 €/m²

Expected rent475 € /mo

~15,500 € BELOW MARKET

good value

against the median for apartments in Elenovo 1 (16 properties)

Area

66 m²

Construction

Panel

Year

1980

Yield analysis

Strong investment rating

9.3% / yr

Monthly payment271 €20% down payment · 20 yrs · 3%

Expected rent475 €at market conditions for the neighbourhood

The rent covers 176% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 11 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Property analysis

This apartment is priced about 15,500 € below the typical price (the median) for apartments in Elenovo 1 (16 properties) — 924 €/m² against 1,162 €/m².

Two-room apartment in Blagoevgrad, district Elenovo 1, located on the second floor of a prefab panel building.

The layout includes an entrance hall, kitchen with enclosed terrace, spacious living room with access to a large terrace, and bedroom.

The building is insulated, built in 1980, prefab panel type, with the apartment in need of renovation, allowing customization according to needs.

The location is convenient with proximity to a school, kindergarten, shops, and public transport stops providing easy access to the city center.

The property is suitable for family use with a functional layout and potential for adaptation.

With 20% down over 20 years the monthly mortgage payment is about 271 €, against an expected local rent of 475 €. The rent covers the whole payment (176%).

Source: Average prices for apartments in Elenovo 1

Pros and cons

AI summary

Pros

functional layout
southwest aspect
large terrace
close to school

Cons

needs renovation

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 21% below the average for comparable properties.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.