Sale

3-room apartment in Serdika district with 2 balconies in Sofia

SofiaSerdika

Published: 30 April 2026 Updated: 1 October 2026

Sale150,000 €1,875 €/m²

Expected rent943 € /mo

~31,000 € BELOW MARKET

good value

against the median for 3-room apartments in Serdika (61 properties)

Area

80 m²

Floor

1 / 8

Construction

Panel

Year

1970

Heating

District Heating

Yield analysis

Good investment rating

7.5% / yr

Monthly payment666 €20% down payment · 20 yrs · 3%

Expected rent943 €at market conditions for the neighbourhood

The rent covers 142% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▼ 40% · 100,000 €

250,000 €5 May 2026Initial price
210,000 €▼ 40,000 € (16%) 11 May 2026Price reduced
174,999 €▼ 35,001 € (16.7%) 4 July 2026Price reduced
150,000 €▼ 24,999 € (14.3%) 1 October 2026Price reducedCurrent

Property analysis

This apartment is priced about 31,000 € below the typical price (the median) for 3-room apartments in Serdika (61 properties) — 1,875 €/m² against 2,263 €/m².

The apartment is located in the Serdika district of Sofia, on the first floor of an eight-storey prefab panel building from 1970. The total area is 80 sq m. The layout includes a living room, two bedrooms, a corridor, a bathroom with toilet, and two balconies, as well as a basement for additional storage. The property has a functional internal layout that allows comfortable use of the space. The building is prefab panel construction, with basic utilities but without additional amenities mentioned in the description. The district offers good infrastructure with quick access to the city centre, public transport, schools, and shops. The property is suitable for family living or investment, combining a convenient location and practical layout.

With 20% down over 20 years the monthly mortgage payment is about 666 €, against an expected local rent of 943 €. The rent covers the whole payment (142%).

The asking price has fallen by 100,000 € (40%) since it was first listed.

Source: Market statistics for 3-room apartments in Serdika

Pros and cons

AI summary

Pros

functional layout
two balconies
basement
good location

Cons

prefab panel construction
ground floor
lack of additional amenities

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 17% 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 3 times — about 40% below the original asking price.
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.