Sale

3-room apartment in Iztok district, Pernik with renovation potential

PernikIztok
Published: 8 April 2026 Updated: 20 September 2026
Sale92,000 €1,045 €/m²
Expected rent476 € /mo

~27,000 € BELOW MARKET

good value

against the median for 3-room apartments in Iztok (141 properties)

Area
88 m²
Floor
1 / 8
Construction
Panel
Heating
District Heating

Yield analysis

Good investment rating

6.2% / yr
Monthly payment408 €20% down payment · 20 yrs · 3%
Expected rent476 €at market conditions for the neighbourhood

The rent covers 117% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 16 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

1 change since listing▼ 13.1% · 15,100 €
  1. 115,000 €8 April 2026Initial price
  2. 99,900 €▼ 15,100 € (13.1%) 8 May 2026Price reducedCurrent

Property analysis

This apartment is priced about 27,000 € below the typical price (the median) for 3-room apartments in Iztok (141 properties) — 1,045 €/m² against 1,350 €/m².

Apartment with three rooms in the town of Pernik, Iztok district, on Yuri Gagarin St. The property is located on the first floor of an eight-storey prefab panel building.

The layout includes two separate bedrooms, a separate kitchen, a spacious living room, a bathroom with toilet, a separate toilet, and a corridor. There is potential for restructuring and creating a modern open-plan living area.

The building is prefab panel construction, and the apartment is in need of full renovation, allowing complete refurbishment according to personal preferences.

Iztok district is a quiet area with developed infrastructure – close to schools, kindergartens, shops, and public transport stops, as well as green spaces for recreation. The location provides easy access to the centre of Pernik and convenient connections to Sofia.

The property is suitable for families looking for a home with customization potential and a good location.

With 20% down over 20 years the monthly mortgage payment is about 408 €, against an expected local rent of 476 €. The rent covers the whole payment (117%).

The asking price has fallen by 15,100 € (13.1%) since it was first listed.

Source: Market statistics for 3-room apartments in Iztok

Pros and cons

AI summary
Pros
  • functional layout
  • two separate bedrooms
  • good location
  • potential for restructuring
Cons
  • prefab panel block
  • in need of full renovation
  • ground floor

Questions for the viewing

Only on imotesa

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

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 23% below the average for comparable properties.

  2. Is there still room to negotiate?

    Because: The price has been cut once, by about 13%.

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

    Because: Prefabricated panel construction.

  4. Is there damp, is there enough daylight, and what is the noise like?

    Because: The property is on the first floor.

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

Layout

  • bedroom
  • bedroom
  • kitchen
  • living room
  • corridor

Details

Category
Residential
Rooms
3
Bathrooms
2

Location

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