Sale

Three-room apartment on top floor in Ilinden, Sofia with terrace

SofiaIlinden
Published: 5 July 2026 Updated: 9 September 2026
Sale188,000 €2,136 €/m²
Expected rent770 € /mo

~36,500 € BELOW MARKET

good value

against the median for 3-room apartments in Ilinden (27 properties)

Area
88 m²
Floor
8 / 8
Construction
Panel
Year
1980
Heating
District Heating

Yield analysis

Fair investment rating

4.9% / yr
Monthly payment834 €20% down payment · 20 yrs · 3%
Expected rent770 €at market conditions for the neighbourhood

The rent covers 92% of the payment — you top up about 64 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 20 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

1 change since listing▲ 5.3% · 10,000 €
  1. 188,000 €1 August 2026Initial price
  2. 198,000 €▲ 10,000 € (5.3%) 3 August 2026Price increasedCurrent

Property analysis

This apartment is priced about 36,500 € below the typical price (the median) for 3-room apartments in Ilinden (27 properties) — 2,136 €/m² against 2,552 €/m².

3-room apartment in Sofia, district Ilinden, located on the 8th (top) floor of a prefab panel building.

The property has a functional layout with a corridor, living room with access to a terrace, two separate bedrooms, separate kitchen with an enclosed terrace, bathroom with toilet and separate toilet.

The building is prefab panel from 1980, with an elevator, and the apartment is in a condition requiring full renovation.

The location is convenient, opposite the 3rd City Hospital and within walking distance of Vardar metro station, with free parking available in the area.

Suitable for buyers looking for a home with potential for individual design and a good urban location.

With 20% down over 20 years the monthly mortgage payment is about 834 €, against an expected local rent of 770 €. The rent covers 92% of it.

This property is advertised in 2 offers, all from the same agency. All offers are at the same price. It has been listed for 89 days. The asking price has risen by 10,000 € (5.3%) since it was first listed.

Source: Market statistics for 3-room apartments in Ilinden

Pros and cons

AI summary
Pros
  • functional layout
  • terrace
  • elevator
  • good location
Cons
  • top floor
  • needs full renovation

Questions for the viewing

Only on imotesa

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

  1. What changed since the listing went up — a renovation, paperwork, something else?

    Because: The price is about 5% higher than when it was first advertised.

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

    Because: The price per m² is about 16% below the average for comparable properties.

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

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

  4. 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.

  5. Has the block been insulated under the renovation programme, and is there paperwork for it?

    Because: Prefabricated panel construction.

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

Layout

  • corridor
  • living room
  • bedroom
  • bedroom
  • kitchen
  • bathroom
  • toilet

Amenities

  • Elevator
  • Needs Renovation

Details

Category
Residential
Rooms
3
Bathrooms
2

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

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