median 2,613 €/m² for comparable properties
Rent covers ~ 82% of the payment
~ 661 €/mo rent · you top up ~ 150 €/mo
AT MARKET LEVEL
fairly priced
against the median for 3-room apartments in Banishora (198 properties)
Fair investment rating
The rent covers 102% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
This apartment is priced at the typical price (the median) for 3-room apartments in Banishora (198 properties) — 2,171 €/m² against 2,348 €/m².
3-room apartment in Sofia city, Banishora district, Orlyak St. The property is located on the 2nd floor of 8 in a prefab panel block from 1970.
The layout includes a living room with terrace, kitchen with a second terrace, two separate rooms, bathroom, separate toilet, and storage room, with the rooms being walk-through.
The building is prefab panel construction, and the apartment needs full renovation. The aspect is north-south, providing natural light during the day.
The location is convenient, close to shops, hospital, metro, schools and kindergartens, as well as public transport stops. The area is quiet with large distances between blocks and green spaces.
The property is suitable for people looking for a home with renovation potential in a well-developed urban area.
With 20% down over 20 years the monthly mortgage payment is about 732 €, against an expected local rent of 749 €. The rent covers the whole payment (102%).
This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 178 days.
Source: Market statistics for 3-room apartments in Banishora
Derived from this specific property's data — not a generic checklist. Take them with you.
Who am I negotiating with, and who is authorised to agree a price?
Because: The property appears in 2 listings at the same price.
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.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Maximum sunlight throughout the day
Even light, cooler during summer
median 2,613 €/m² for comparable properties
Rent covers ~ 82% of the payment
~ 661 €/mo rent · you top up ~ 150 €/mo
median 2,348 €/m² for comparable properties
Rent covers ~ 76% of the payment
~ 749 €/mo rent · you top up ~ 241 €/mo
median 3,500 €/m² for comparable properties
Rent covers ~ 76% of the payment
~ 1,096 €/mo rent · you top up ~ 346 €/mo
median 3,385 €/m² for comparable properties
Rent covers ~ 77% of the payment
~ 735 €/mo rent · you top up ~ 219 €/mo
median 2,348 €/m² for comparable properties
Rent covers ~ 55% of the payment
~ 749 €/mo rent · you top up ~ 610 €/mo
median 2,348 €/m² for comparable properties
Rent covers ~ 54% of the payment
~ 749 €/mo rent · you top up ~ 626 €/mo
median 2,414 €/m² for comparable properties
Rent covers ~ 38% of the payment
~ 639 €/mo rent · you top up ~ 1,047 €/mo
median 2,664 €/m² for comparable properties
Rent covers ~ 107% of the payment
~ 457 €/mo rent · pays for itself in ~ 17 yrs