Sale−27% below market

2-room apartment in Banishora with additional room

SofiaBanishora
Published: 4 April 2026 Updated: 3 September 2026
Sale86,000 €1,954 €/m²
Expected rent612 € /mo
Area
44 m²
Floor
1 / 5
Construction
Brick
Year
2001

Yield analysis

Strong investment rating

8.5% / yr
Monthly payment382 €20% down payment · 20 yrs · 3%
Expected rent612 €at market conditions for the neighbourhood

The rent covers 160% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 12 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▼ 3.4% · 3,000 €
  1. 89,000 €6 July 2026Initial price
  2. 86,000 €▼ 3,000 € (3.4%) 4 August 2026Price reducedCurrent

Property analysis

This apartment is priced 27% below the typical price (the median) for comparable properties — 1,829 €/m² against 2,500 €/m².

The property is a 2-room apartment with a total area of 44 sq m, located in the Banishora district of Sofia. The layout includes two rooms, one of which has a lower ceiling, which may limit its functionality. The building is brick, and the property is situated on the first floor above garages with warehouse status, with the possibility to convert into a studio. Heating is electric, and the property requires renovation, allowing for customization according to the new owner's needs. The location is in a well-established area with quick access to central Sofia, suitable for living, office use, or investment. Additionally, the property includes a room with garage status, connected by an internal staircase, increasing its functionality. The property is suitable for those seeking flexibility and the possibility of conversion in an urban environment.

With 20% down over 20 years the monthly mortgage payment is about 382 €, against an expected local rent of 612 €. The rent covers the whole payment (160%).

This property is advertised in 2 offers from 2 different sellers. The gap between the cheapest and the dearest is 4,000 €. It has been listed for 181 days. The asking price has fallen by 3,000 € (3.4%) since it was first listed.

Source: Market statistics for 2-room apartments in Banishora

Pros and cons

AI summary
Pros
  • functional layout
  • additional room
  • close to center
Cons
  • needs renovation
  • lower ceiling in room
  • warehouse status

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 2 listings, and the prices differ by about 4%.

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

    Because: The price per m² is about 27% below the average for comparable properties.

  3. What feedback have previous viewers given?

    Because: We have been tracking this listing for about 181 days.

  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

  • room

Details

Category
Residential
Rooms
2

Location

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