−24% below market
median 1,000 €/m² for comparable properties
13,000 € 764 €/m²
Rent covers ~ 208% of the payment
~ 120 €/mo rent · pays for itself in ~ 9 yrs
Sale11,000 €550 €/m²
Expected rent120 € /mo
~9,000 € BELOW MARKET
far below market
against the median for garages/parking in Burgas (94 properties)
A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
Area
20 m²
Floor
0 / 5
Yield analysis
Strong investment rating
Monthly payment49 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 246% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 8 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▼ 18.5% · 2,500 €
- 13,500 €
- 12,800 €▼ 700 € (5.2%)
- 11,800 €▼ 1,000 € (7.8%)
- 11,000 €▼ 800 € (6.8%)
Property analysis
This garage/Parking is priced about 9,000 € below the typical price (the median) for garages/parking in Burgas (94 properties) — 550 €/m² against 1,000 €/m². A price this far below the market usually has a reason the listing does not mention — encumbrances or an error in the ad.
With 20% down over 20 years the monthly mortgage payment is about 49 €, against an expected local rent of 120 €. The rent covers the whole payment (246%).
The asking price has fallen by 2,500 € (18.5%) since it was first listed.
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.