Sale

Two-room apartment in Shumen with two terraces and a view

ShumenBoyan Bylgaranov 1
Published: 3 December 2025 Updated: 16 September 2026
Sale79,000 €1,295 €/m²
Expected rent400 € /mo

~10,000 € BELOW MARKET

good value

against the median for 2-room apartments in Boyan Bylgaranov 1 (39 properties)

Area
61 m²
Floor
7 / 8
Construction
Panel
Year
1980

Yield analysis

Good investment rating

6.1% / yr
Monthly payment351 €20% down payment · 20 yrs · 3%
Expected rent400 €at market conditions for the neighbourhood

The rent covers 114% 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

5 changes since listing▼ 1.2% · 1,000 €
  1. 81,000 €30 March 2026Initial price
  2. 81,000 €▲ 0 € (0%) 2 April 2026Price increased
  3. 80,000 €▼ 1,000 € (1.2%) 8 June 2026Price reduced
  4. 81,000 €▲ 1,000 € (1.3%) 4 July 2026Price increased
  5. 81,000 €▲ 0 € (0%) 7 July 2026Price increased
  6. 80,000 €▼ 1,000 € (1.2%) 5 August 2026Price reducedCurrent

Property analysis

This apartment is priced about 10,000 € below the typical price (the median) for 2-room apartments in Boyan Bylgaranov 1 (39 properties) — 1,274 €/m² against 1,460 €/m².

Two-room apartment in the town of Shumen, Boyan Bulgaranov district, located on the 7th floor of 8 in a prefab panel block.

The layout includes two separate rooms, a kitchen, a corridor with built-in wardrobe, and two glazed terraces with views of the Monument to the Founders of the Bulgarian State.

The building is prefab panel from 1980, with an elevator and access control; the apartment has PVC windows and requires renovation.

The location is convenient, close to a kindergarten, school, shops, and a bus stop, providing ease for daily needs.

The property is suitable for people looking for a home with a functional layout in a central urban environment, ready to invest in refurbishment.

With 20% down over 20 years the monthly mortgage payment is about 351 €, against an expected local rent of 400 €. The rent covers the whole payment (114%).

This property is advertised in 8 offers from 8 different sellers. The gap between the cheapest and the dearest is 2,300 €. It has been listed for 304 days. The asking price has fallen by 1,000 € (1.2%) since it was first listed.

Source: Market statistics for 2-room apartments in Boyan Bylgaranov 1

Pros and cons

AI summary
Pros
  • two terraces
  • access control
  • elevator
  • central location
Cons
  • needs renovation
  • prefab panel construction

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 8 listings, and the prices differ by about 3%.

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

    Because: The price per m² is about 13% below the average for comparable properties.

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

    Because: The price has been cut 2 times — about 1% below the original asking price.

  4. 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.

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

    Because: Prefabricated panel construction.

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

Layout

  • room
  • room
  • kitchen

Amenities

  • Elevator
  • With Parking
  • Access Control
  • Needs Renovation
  • Video Surveillance

Details

Category
Residential
Rooms
2
Bathrooms
1
Furnishing
Yes

Location

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