−12% below market
median 2,263 €/m² for comparable properties
359,000 € 1,983 €/m²
Rent covers ~ 59% of the payment
~ 943 €/mo rent · you top up ~ 650 €/mo
Sale200,000 €2,631 €/m²
Expected rent943 € /mo
~28,000 € ABOVE MARKET
above market
against the median for 3-room apartments in Serdika (61 properties)
Area
76 m²
Floor
3 / 8
Construction
Panel
Year
1970
Heating
District Heating
Yield analysis
Fair investment rating
Monthly payment887 €20% down payment · 20 yrs · 3%
Expected rent943 €at market conditions for the neighbourhood
The rent covers 106% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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 28,000 € above the typical price (the median) for 3-room apartments in Serdika (61 properties) — 2,631 €/m² against 2,263 €/m².
Apartment with three rooms in Sofia, Serdika district, located on the third floor of an eight-storey prefab panel building. Southwest aspect, providing good natural light.
The layout includes a corridor, kitchen, living room, two bedrooms, two terraces, and two bathrooms, as well as a storage room. The property is internal and offers a functional layout for family use.
The building is prefab panel from 1970, with a maintained entrance and elevator. The apartment needs renovation, allowing adaptation according to the new owners' needs.
The location is in a residential complex with green areas and free parking in front of the building, providing convenience for residents.
Suitable for families looking for a spacious property with renovation potential in a well-established area.
With 20% down over 20 years the monthly mortgage payment is about 887 €, against an expected local rent of 943 €. The rent covers the whole payment (106%).
Pros and cons
AI summaryPros
- two terraces
- southwest aspect
- elevator
- green areas
Cons
- needs renovation
Questions for the viewing
Only on imotesaDerived from this specific property's data — not a generic checklist. Take them with you.
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.
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.
Generated automatically from the data we hold. They do not replace an in-person viewing, a survey or legal due diligence.
Amenities
- Elevator
- Access Control
- 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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