Three-room apartment with potential in the Center of Sofia, Tsar Samuil St

This apartment is priced about 181,000 € below the typical price (the median) for 3-room apartments in Centyr (808 properties) — 1,383 €/m² against 3,486 €/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 offered property is a floor of a house built around 1925, located in the central part of Sofia, on Tsar Samuil St. The building is brick-built and maintained with external insulation and a renovated roof, ensuring stability and durability. The structure between the first and second floors is timber-joist, while the upper floors have reinforced concrete slabs providing strength. The apartment includes five rooms and a bathroom, with the overall condition requiring full renovation, allowing for customization according to the future owner's needs. The ceiling height is 210 cm, which is lower than standard and an important factor to consider. The property includes a basement room and a share of the yard, contributing additional storage options and outdoor space use.

With 20% down over 20 years the monthly mortgage payment is about 528 €, against an expected local rent of 1,095 €. The rent covers the whole payment (207%).

The asking price has fallen by 27,200 € (18.6%) since it was first listed.

Source: Market statistics for 3-room apartments in Centyr