Sale−26% below market

3-room apartment in Center, Sofia with balcony

SofiaCentyr

Published: 6 August 2026 Updated: 29 September 2026

Sale185,000 €3,083 €/m²

Expected rent1,095 € /mo

Area

60 m²

Floor

3 / 4

Construction

Brick

Year

1960

Heating

District Heating

Yield analysis

Good investment rating

7.1% / yr

Monthly payment821 €20% down payment · 20 yrs · 3%

Expected rent1,095 €at market conditions for the neighbourhood

The rent covers 133% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

2 changes since listing▼ 11.4% · 23,800 €

208,800 €6 August 2026Initial price
195,000 €▼ 13,800 € (6.6%) 21 September 2026Price reduced
185,000 €▼ 10,000 € (5.1%) 29 September 2026Price reducedCurrent

Property analysis

This apartment is priced 26% below the typical price (the median) for comparable properties — 2,569 €/m² against 3,486 €/m².

3-room apartment in Sofia, Center, on Knyaz Aleksandar Dondukov Blvd. The property is located on the third floor of a brick building from 1960 with concrete slabs between floors.

The layout includes an entrance hall, spacious living room, separate bedroom, separate kitchen with balcony, and bathroom with toilet. The property includes an attic storage room, basement cellar, and ideal parts of the yard.

The building is solid, with controlled access and offers a west aspect providing afternoon light.

The location is central, with easy access to the metro, public transport, administrative institutions, shops, and eateries.

The property is suitable for living or investment, offering a functional layout and conveniences in the heart of the city.

With 20% down over 20 years the monthly mortgage payment is about 821 €, against an expected local rent of 1,095 €. The rent covers the whole payment (133%).

The asking price has fallen by 23,800 € (11.4%) since it was first listed.

Source: Market statistics for 3-room apartments in Centyr

Pros and cons

AI summary

Pros

functional layout
balcony
controlled access
central location

Cons

needs renovation
3rd floor of 4
old construction

Questions for the viewing

Only on imotesa

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

Why is this priced below comparable properties? Is there anything that could affect the sale?
Because: The price per m² is about 26% below the average for comparable properties.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 2 times — about 11% below the original asking price.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1960 — about 66 years old.
Is there enough daylight during the day?
Because: The advertised exposure has no southern side.