Sale

3-room apartment with potential for conversion in Banishora, Sofia

SofiaBanishora

Published: 5 March 2026 Updated: 1 September 2026

Sale206,000 €2,367 €/m²

Expected rent751 € /mo

AT MARKET LEVEL

fairly priced

against the median for 3-room apartments in Banishora (195 properties)

Area

87 m²

Floor

8 / 12

Construction

EPC

Year

1980

Heating

District Heating

Yield analysis

Fair investment rating

4.4% / yr

Monthly payment914 €20% down payment · 20 yrs · 3%

Expected rent751 €at market conditions for the neighbourhood

The rent covers 82% of the payment — you top up about 163 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 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 at the typical price (the median) for 3-room apartments in Banishora (195 properties) — 2,367 €/m² against 2,348 €/m².

3-room apartment in Sofia, district Banishora, located on the 8th floor of 12 in an EPK prefab building from 1980.
The layout is functional with the possibility to convert into a 4-room apartment, allowing adaptation to different needs. The property is bright and spacious.
The building has well-maintained common areas, and the apartment requires renovation, offering the opportunity for updating according to the buyer's preferences.
The location is well connected, close to the metro, shops, and Fifth City Hospital, providing convenient access to urban infrastructure.
Suitable for a family or as an investment with potential for personalization and improvement.

With 20% down over 20 years the monthly mortgage payment is about 914 €, against an expected local rent of 751 €. The rent covers 82% of it.

Source: Market statistics for 3-room apartments in Banishora

Pros and cons

AI summary

Pros

functional layout
good location
potential for conversion
well-maintained common areas

Cons

needs renovation

Questions for the viewing

Only on imotesa

Derived from this specific property's data — not a generic checklist. Take them with you.

What feedback have previous viewers given?
Because: We have been tracking this listing for about 211 days.
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.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1980 — about 46 years old.
Is there a lift in the building, and what condition is it in?
Because: The property is on floor 8 and the listing does not mention a lift.