Sale

3-room apartment in Center, Bulgaria Blvd, in need of renovation

SofiaCentyr
Published: 2 June 2026 Updated: 5 September 2026
Sale199,000 €2,313 €/m²
Expected rent1,095 € /mo

~101,000 € BELOW MARKET

good value

against the median for 3-room apartments in Centyr (808 properties)

Area
86 m²
Floor
4 / 5
Construction
Brick
Year
1930

Yield analysis

Good investment rating

6.6% / yr
Monthly payment883 €20% down payment · 20 yrs · 3%
Expected rent1,095 €at market conditions for the neighbourhood

The rent covers 124% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 about 101,000 € below the typical price (the median) for 3-room apartments in Centyr (808 properties) — 2,313 €/m² against 3,486 €/m².

The apartment is located in Sofia city, Center, Bulgaria Blvd, in a brick building from 1930 on the 4th floor of 5. The layout includes 4 rooms with an area of 86 sq m, consisting of an entrance hall, three rooms, kitchen, bathroom and separate toilet. The rooms have a height of about 2.80 m and south and north aspect. The building has a solid staircase and renovated common areas. The property requires full renovation, including improvements to the roof, facade, ceilings and floors. Heating is electric. The location is convenient, close to a metro station, shopping centre and park with sports facilities. The apartment is suitable for people looking for a property with potential in the city centre but ready to invest in renovation.

With 20% down over 20 years the monthly mortgage payment is about 883 €, against an expected local rent of 1,095 €. The rent covers the whole payment (124%).

This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 122 days.

Source: Market statistics for 3-room apartments in Centyr

Pros and cons

AI summary
Pros
  • central location
  • solid brick building
  • large rooms
  • basement and attic
Cons
  • in need of full renovation
  • electric heating
  • walk-through rooms

Questions for the viewing

Only on imotesa

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

  1. Why is this priced below comparable properties? Is there anything that could affect the sale?

    Because: The price per m² is about 34% below the average for comparable properties.

  2. Who am I negotiating with, and who is authorised to agree a price?

    Because: The property appears in 2 listings at the same price.

  3. 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.

  4. Have the risers been replaced, and when was the roof last repaired?

    Because: The building dates from 1930 — about 96 years old.

  5. Is there a lift in the building, and what condition is it in?

    Because: The property is on floor 4 and the listing does not mention a lift.

Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.

Layout

  • vestibule 20 sq m
  • room 1 16 sq m
  • room 2 16 sq m
  • room 3 16 sq m
  • kitchen 5 sq m
  • bathroom 3 sq m

Amenities

  • With Transition
  • Needs Renovation

Exposure

AI summary
SSouth

Maximum sunlight throughout the day

NNorth

Even light, cooler during summer

Details

Category
Residential
Rooms
3
Bathrooms
2

Location

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