Three-room apartment with terrace in Banishora, Sofia

This apartment is priced about 45,000 € above the typical price (the median) for 3-room apartments in Banishora (195 properties) — 2,935 €/m² against 2,348 €/m².

The apartment is located in Sofia city, Banishora district, on Sofroniy Vrachanski St. The property has a floor area of 77 sq m and is situated on the 2nd floor of a four-storey building. The layout includes a living room with kitchenette and dining area, two walk-through bedrooms, terrace, entrance hall and bathroom with toilet. The building is brick, built in 2015, with an elevator and access control. The apartment has been renovated with quality materials and furnished with high-end furniture. The location is convenient, about 600 m from Central Railway Station metro and close to public transport stops, shops, kindergarten and school. The property is suitable both for living and as an investment with rental potential. Overall impression is of a functional and well-maintained apartment in a communicative area.

With 20% down over 20 years the monthly mortgage payment is about 1,003 €, against an expected local rent of 751 €. The rent covers 75% of it.

The asking price has fallen by 43,000 € (16%) since it was first listed.

Source: Market statistics for 3-room apartments in Banishora