Sale

Spacious 3-room apartment in Ilinden with terrace

SofiaIlinden

Published: 9 September 2026 Updated: 9 September 2026

Sale186,000 €2,113 €/m²

Expected rent765 € /mo

~39,500 € BELOW MARKET

good value

against the median for 3-room apartments in Ilinden (28 properties)

Area

88 m²

Floor

1 / 7

Construction

Panel

Year

1970

Heating

District Heating

Yield analysis

Fair investment rating

4.9% / yr

Monthly payment825 €20% down payment · 20 yrs · 3%

Expected rent765 €at market conditions for the neighbourhood

The rent covers 93% of the payment — you top up about 60 €/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.

Property analysis

This apartment is priced about 39,500 € below the typical price (the median) for 3-room apartments in Ilinden (28 properties) — 2,113 €/m² against 2,562 €/m².

Apartment with three rooms and a terrace, located in the Ilinden district, Sofia. The property is on the first floor of a seven-storey prefab panel building.

The layout includes four separate rooms, allowing flexible interior solutions and convenient functionality for family use.

The building was constructed in 1970, prefab panel construction with an elevator available, and the property requires renovation and updating to modern standards.

The location is well connected, close to Vardar metro station and Byal Bor park, providing easy access to urban infrastructure and green spaces.

Suitable for living or investment, the property offers a balance between space and location with potential for improvement.

With 20% down over 20 years the monthly mortgage payment is about 825 €, against an expected local rent of 765 €. The rent covers 93% of it.

Source: Market statistics for 3-room apartments in Ilinden

Pros and cons

AI summary

Pros

functional layout
terrace
close to metro
elevator

Cons

needs renovation
ground floor

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 18% below the average for comparable properties.
Has the block been insulated under the renovation programme, and is there paperwork for it?
Because: Prefabricated panel construction.
Have the risers been replaced, and when was the roof last repaired?
Because: The building dates from 1970 — about 56 years old.
Is there damp, is there enough daylight, and what is the noise like?
Because: The property is on the first floor.