Spacious 4-room apartment in Medical Academy with 3 terraces

This apartment is priced about 398,000 € below the typical price (the median) for 4-room apartments in Medicinska Akademiya (13 properties) — 1,979 €/m² against 3,950 €/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 Sofia city, Medical Academy district, on Ami Bue St. The property has a floor area of 202 sq m and is situated on the second floor of a brick building from 2011 with an elevator.

The layout includes a large entrance hall, two separate rooms, a large open space, a kitchenette, two bathrooms, and three terraces, one of which is large and glazed.

The building has controlled access and a private yard, and the common areas are maintained. The flooring is laminate and granite tiles, the window frames are in good condition, and the bathrooms have been renovated.

The location is close to Geshov Blvd and Tsar Boris III Blvd, as well as to the Medical Academy, providing convenient access to urban infrastructure.

The property is suitable for residential use after status change, offering the possibility to create more separate rooms and is convenient for family living or office with residential functions.

With 20% down over 20 years the monthly mortgage payment is about 1,774 €, against an expected local rent of 1,101 €. The rent covers 62% of it.

The asking price has fallen by 150,100 € (27.3%) since it was first listed.

Source: Market statistics for 4-room apartments in Medicinska Akademiya