Spacious 3-room apartment with Vitosha view in Manastirski Livadi

This apartment is priced about 282,500 € below the typical price (the median) for 3-room apartments in Manastirski Livadi (585 properties) — 1,600 €/m² against 2,808 €/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 3-room apartment in Sofia, Manastirski Livadi district, on Bulgaria Blvd.
The layout includes a living room, two bedrooms, kitchen, walk-in closet, two bathrooms with toilets, corridor and a terrace with a view of Vitosha. There is potential to convert it into a 4-room apartment.
The building is brick from 2007, with an elevator and maintained common areas. The property is part of a gated complex with 24-hour security, video surveillance and access control.
The location offers convenient access to urban infrastructure and a quiet environment with a park area around the complex.
The property is suitable both for residential use and as an office, combining functionality and security in a well-organized environment.

With 20% down over 20 years the monthly mortgage payment is about 1,661 €, against an expected local rent of 1,059 €. The rent covers 64% of it.

This property is advertised in 2 offers, all from the same agency. The gap between the cheapest and the dearest is 12,640 €. It has been listed for 395 days.

Source: Market statistics for 3-room apartments in Manastirski Livadi