Sale

Two-room apartment with two terraces in Geo Milev, Sofia

SofiaGeo Milev
Published: 8 May 2026 Updated: 2 October 2026
Sale194,900 €2,908 €/m²
Expected rent634 € /mo

~33,500 € BELOW MARKET

good value

against the median for 2-room apartments in Geo Milev (40 properties)

Area
67 m²
Floor
1 / 5
Construction
Brick
Year
1960
Heating
District Heating

Yield analysis

Low investment rating

3.9% / yr
Monthly payment865 €20% down payment · 20 yrs · 3%
Expected rent634 €at market conditions for the neighbourhood

The rent covers 73% of the payment — you top up about 231 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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 33,500 € below the typical price (the median) for 2-room apartments in Geo Milev (40 properties) — 2,953 €/m² against 3,407 €/m².

Two-room apartment in Sofia, district Geo Milev, located on the first floor of a five-storey brick building from 1960. The property has an area of 67 sq m and includes a basement.

The layout includes living room, bedroom, separate kitchen with terrace, second terrace, bathroom with toilet, storage room and corridor. There is potential to convert it into a three-room apartment.

The building is brick, with basic utilities, but the property is in a condition that requires renovation. Internet and access control are available.

The location is on a quiet street in the district, providing tranquility and access to urban infrastructure.

Suitable for people looking for a property with potential for conversion and renovation in a central urban area.

With 20% down over 20 years the monthly mortgage payment is about 865 €, against an expected local rent of 634 €. The rent covers 73% of it.

Source: Market statistics for 2-room apartments in Geo Milev

Pros and cons

AI summary
Pros
  • two terraces
  • potential for conversion
  • basement
  • access control
Cons
  • needs 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 13% below the average for comparable properties.

  2. 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.

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

    Because: The building dates from 1960 — about 66 years old.

  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

  • kitchen
  • bedroom
  • living room

Amenities

  • Internet Connection
  • Access Control
  • Needs Renovation
  • Tax Credit Option

Details

Category
Residential
Rooms
2
Bathrooms
1

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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