Sale

Two-room apartment with large terrace in Izgrev, Burgas

BurgasIzgrev
Published: 5 June 2026 Updated: 8 September 2026
Sale120,000 €1,791 €/m²
Expected rent596 € /mo

~10,500 € BELOW MARKET

good value

against the median for 2-room apartments in Izgrev (166 properties)

Area
67 m²
Floor
4 / 8
Construction
Panel
Year
1970
Heating
District Heating

Yield analysis

Fair investment rating

6% / yr
Monthly payment532 €20% down payment · 20 yrs · 3%
Expected rent596 €at market conditions for the neighbourhood

The rent covers 112% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 17 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

5 changes since listing▼ 10.4% · 14,000 €
  1. 134,000 €1 July 2026Initial price
  2. 135,000 €▲ 1,000 € (0.7%) 2 July 2026Price increased
  3. 130,000 €▼ 5,000 € (3.7%) 24 July 2026Price reduced
  4. 127,000 €▼ 3,000 € (2.3%) 1 August 2026Price reduced
  5. 120,000 €▼ 7,000 € (5.5%) 8 August 2026Price reduced
  6. 120,000 €▲ 0 € (0%) 20 August 2026Price increasedCurrent

Property analysis

This apartment is priced about 10,500 € below the typical price (the median) for 2-room apartments in Izgrev (166 properties) — 1,791 €/m² against 1,950 €/m².

The apartment is two-room and located in the Izgrev district, Burgas. It features a spacious corridor, living room 18 sq m, separate kitchen 7 sq m, and bedroom 18 sq m. The property also includes a large open terrace, accessible from the living room, kitchen, and bedroom. The building is prefab panel, built in 1970, with a total of 8 floors, and the apartment is on the 4th floor with an elevator. The property is partially updated but requires renovation, allowing customization according to the new owner's needs. The location is convenient, close to Plaza Mall, shops, schools, and public transport. This makes the property suitable for those seeking a functional city home with renovation potential.

With 20% down over 20 years the monthly mortgage payment is about 532 €, against an expected local rent of 596 €. The rent covers the whole payment (112%).

This property is advertised in 4 offers from 4 different sellers. The gap between the cheapest and the dearest is 7,000 €. It has been listed for 118 days. The asking price has fallen by 14,000 € (10.4%) since it was first listed.

Source: Market statistics for 2-room apartments in Izgrev

Pros and cons

AI summary
Pros
  • functional layout
  • large terrace
  • elevator
  • close to Plaza Mall
Cons
  • prefab panel construction
  • needs renovation

Questions for the viewing

Only on imotesa

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

  1. Which price is the real one, and who am I negotiating with?

    Because: The property appears in 4 listings, and the prices differ by about 6%.

  2. Is there still room to negotiate, and why has it not sold yet?

    Because: The price has been cut 3 times — about 10% below the original asking price.

  3. What is the scope of the work, and are there hidden problems with the wiring or plumbing?

    Because: The listing states that the property needs renovation.

  4. Has the block been insulated under the renovation programme, and is there paperwork for it?

    Because: Prefabricated panel construction.

  5. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1970 — about 56 years old.

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

Layout

  • corridor
  • living room 18 sq m
  • kitchen 7 sq m
  • bedroom 18 sq m

Amenities

  • Elevator
  • Access Control
  • Renovated
  • Needs Renovation

Details

Category
Residential
Rooms
2
Bathrooms
1
Furnishing
Yes

Location

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