Three-room apartment in Botunets with two terraces

This apartment is priced about 109,000 € below the typical price (the median) for apartments in Sofia (20,728 properties) — 1,357 €/m² against 2,594 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

The apartment is located in Sofia, Botunets district, on the third floor of a six-storey prefab panel building. The layout includes an entrance hall, living room, separate kitchen, two bedrooms, bathroom with toilet, separate sanitary unit, two glazed terraces and a storage room. The property is internal and warm, with external thermal and waterproof insulation applied, which improves energy efficiency. The construction is prefab panel, and the flooring consists of terracotta tiles and laminated parquet, with walls featuring wooden paneling and latex paint. Heating is provided by a built-in fireplace with water jacket, air conditioners and aluminum radiators. The location is in a residential area with access to urban infrastructure. The property is suitable for family living with a good balance between functionality and comfort.

With 20% down over 20 years the monthly mortgage payment is about 530 €, against an expected local rent of 844 €. The rent covers the whole payment (159%).

Source: Market statistics for apartments in Sofia