Spacious 4-room apartment in the centre of Velingrad with terrace

This apartment is priced about 165,500 € below the typical price (the median) for apartments in Velin (251 properties) — 460 €/m² against 1,110 €/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 Velingrad, Pazardzhik region, in the Kamenitsa district, on the second floor of a two-storey detached building.

The layout includes a large space of 255 sq m, which can be used as one large apartment or divided into two smaller ones, with access to a roof concrete terrace of 260 sq m.

The building is brick, built in 1994, with high ceilings and partial air conditioning and ventilation installation. The property has its own entrance, electricity, water, sewage, and an alarm system.

The location is central and well connected, without adjacent neighbouring buildings, with views of the square and the park in the district.

The property is suitable for people looking for a spacious residential option with the possibility to divide or use as one large apartment in an urban environment.

With 20% down over 20 years the monthly mortgage payment is about 521 €, against an expected local rent of 323 €. The rent covers 62% of it.

The asking price has fallen by 10,000 € (7.8%) since it was first listed.

Source: Market statistics for apartments in Velin