+26% above market
median 2,774 €/m² for comparable properties
504,000 € 3,500 €/m²
Rent covers ~ 30% of the payment
~ 667 €/mo rent · you top up ~ 1,569 €/mo
Sale199,900 €1,723 €/m²
Expected rent716 € /mo
~147,000 € BELOW MARKET
far below market
against the median for 3-room apartments in Reduta (57 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
116 m²
Floor
4 / 4
Construction
Brick
Yield analysis
Fair investment rating
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent716 €at market conditions for the neighbourhood
The rent covers 81% of the payment — you top up about 171 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 23 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
4 changes since listing▼ 9.1% · 20,100 €
- 220,000 €
- 200,000 €▼ 20,000 € (9.1%)
- 200,000 €▲ 0 € (0%)
- 199,900 €▼ 100 € (0.1%)
- 199,900 €▲ 0 € (0%)
Property analysis
This apartment is priced about 147,000 € below the typical price (the median) for 3-room apartments in Reduta (57 properties) — 1,723 €/m² against 2,989 €/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 apartment is located in the Reduta district of Sofia, on the top floor with an area of 116 sq m. The layout includes an entrance hall, living room, separate kitchen, three bedrooms, two bathrooms with toilets, a separate toilet, and two terraces. It is possible to divide into two apartments of about 60 sq m each. The property is on the fourth floor and includes an above-ground garage and ideal parts of the yard. The construction is brick. The property requires full renovation and has east, west, and south aspects. The district is quiet and peaceful, close to Geo Milev Park, providing amenities for relaxation and walks. The apartment is suitable for family use or investment with rental potential.
With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 716 €. The rent covers 81% 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 224 days. The asking price has fallen by 20,100 € (9.1%) since it was first listed.
Pros and cons
AI summaryPros
- large area
- two terraces
- garage
- close to park
Cons
- full renovation
- top floor
Questions for the viewing
Only on imotesaDerived 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 42% below the average for comparable properties.
Is there still room to negotiate, and why has it not sold yet?
Because: The price has been cut 2 times — about 9% below the original asking price.
What feedback have previous viewers given?
Because: We have been tracking this listing for about 224 days.
What condition is the roof in, and does it overheat in summer?
Because: The property is on the top floor.
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
- entrance hall
- living room
- kitchen
- bedroom
- bedroom
- bedroom
- bathroom
- bathroom
- toilet
Amenities
- With Parking
Exposure
AI summarySSouth
Maximum sunlight throughout the day
EEast
Morning sun, cooler afternoons
WWest
Afternoon and evening sun
Details
- Category
- Residential
- Rooms
- 3
- Bathrooms
- 2
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
Similar properties nearby
At market level
median 3,111 €/m² for comparable properties
589,900 € 3,277 €/m²
Rent covers ~ 47% of the payment
~ 1,232 €/mo rent · you top up ~ 1,385 €/mo
+14% above market
median 2,989 €/m² for comparable properties
159,999 € 3,199 €/m²
Rent covers ~ 94% of the payment
~ 667 €/mo rent · you top up ~ 43 €/mo
At market level
median 2,774 €/m² for comparable properties
365,000 € 2,607 €/m²
Rent covers ~ 41% of the payment
~ 667 €/mo rent · you top up ~ 952 €/mo
+26% above market
median 3,113 €/m² for comparable properties
234,500 € 3,908 €/m²
Rent covers ~ 61% of the payment
~ 633 €/mo rent · you top up ~ 407 €/mo
At market level
median 3,113 €/m² for comparable properties
165,000 € 3,113 €/m²
Rent covers ~ 86% of the payment
~ 633 €/mo rent · you top up ~ 99 €/mo
At market level
median 2,989 €/m² for comparable properties
325,000 € 2,801 €/m²
Rent covers ~ 46% of the payment
~ 667 €/mo rent · you top up ~ 775 €/mo
−15% below market
median 2,989 €/m² for comparable properties
275,000 € 2,546 €/m²
Rent covers ~ 59% of the payment
~ 716 €/mo rent · you top up ~ 504 €/mo