House with 2 floors and yard in Hadzhi Dimitar, Sofia

This house is priced about 117,000 € below the typical price (the median) for houses in Sofia (897 properties) — 1,454 €/m² against 2,517 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.

House in the Hadzhi Dimitar district, Sofia, with a yard of 324 sq m.
The layout includes two floors of about 56 sq m each, allowing a clear separation of living spaces.
The building is constructed with a wooden structure from 1950 and requires full renovation, which entails additional investment for updating and modernization.
The location is well connected, with good access to urban infrastructure and nearby amenities.
The property is suitable for a family looking for the opportunity to personalise a home in an urban environment with a yard.

With 20% down over 20 years the monthly mortgage payment is about 710 €, against an expected local rent of 3,150 €. The rent covers the whole payment (444%).

The asking price has fallen by 40,000 € (20%) since it was first listed.

Source: Market statistics for houses in Sofia