House with several apartments in Suhata reka, Sofia

This house is priced 53% below the typical price (the median) for comparable properties — 1,180 €/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.

The house is located in the district of Suhata reka in the city of Sofia, on St 549. The property has a total area of 460 sq m and was built in 1980 from brick. The layout includes several separate apartments on different floors, allowing flexible use. The interior layout covers two two-room apartments on the first floor, a four-room apartment on the second, and two three-room apartments on both the third and fourth floors. The building has been renovated and has Act 16, which guarantees its completion according to construction requirements. The location is in an urbanized area with good infrastructure and access to main road arteries. The property is suitable for investment with the possibility of renting out the individual apartments, providing stable income. This house offers a functional solution for families or investors looking for a property with diverse layout and good location in Sofia.

With 20% down over 20 years the monthly mortgage payment is about 2,618 €, against an expected local rent of 3,150 €. The rent covers the whole payment (120%).

The asking price has fallen by 200,000 € (25.3%) since it was first listed.

Source: Market statistics for houses in Sofia