Sale

Two-room apartment in Shumen, Grivitsa with glazed terrace

ShumenGrivica

Published: 8 September 2026 Updated: 8 September 2026

Sale90,000 €1,406 €/m²

Expected rent399 € /mo

~19,000 € BELOW MARKET

good value

against the median for apartments in Grivica (24 properties)

Area

64 m²

Floor

4 / 6

Construction

Panel

Year

1990

Yield analysis

Fair investment rating

5.3% / yr

Monthly payment399 €20% down payment · 20 yrs · 3%

Expected rent399 €at market conditions for the neighbourhood

The rent covers 100% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 19 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 19,000 € below the typical price (the median) for apartments in Grivica (24 properties) — 1,406 €/m² against 1,704 €/m².

2-room apartment in the city of Shumen, Grivitsa district.

Layout: living room with access to a glazed terrace, bedroom, kitchen with enclosed terrace, bathroom with toilet and L-shaped corridor.

The building is prefab panel from 1990, with an elevator and well-maintained common areas; the apartment has partial improvements and thermal insulation.

The location is convenient, close to public transport, shops and eateries in Grivitsa district.

The property is suitable for family use with a balanced combination of functionality and comfort.

With 20% down over 20 years the monthly mortgage payment is about 399 €, against an expected local rent of 399 €. The rent covers the whole payment (100%).

Source: Market statistics for apartments in Grivica

Pros and cons

AI summary

Pros

functional layout
partial thermal insulation
elevator
glazed terrace

Cons

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.

Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 18% 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.
Is there enough daylight during the day?
Because: The advertised exposure has no southern side.