At market level
median 1,667 €/m² for comparable properties
18,500 € 1,541 €/m²
Rent covers ~ 178% of the payment
~ 146 €/mo rent · pays for itself in ~ 11 yrs
Sale25,000 €1,250 €/m²
Expected rent146 € /mo
~8,500 € BELOW MARKET
good value
against the median for garages/parking in 9-Ti Kvartal (17 properties)
Area
20 m²
Floor
0 / 5
Yield analysis
Good investment rating
Monthly payment111 €20% down payment · 20 yrs · 3%
Expected rent146 €at market conditions for the neighbourhood
The rent covers 132% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Price history
1 change since listing▼ 28.6% · 10,000 €
- 35,000 €
- 25,000 €▼ 10,000 € (28.6%)
Property analysis
This garage/Parking is priced about 8,500 € below the typical price (the median) for garages/parking in 9-Ti Kvartal (17 properties) — 1,250 €/m² against 1,667 €/m².
With 20% down over 20 years the monthly mortgage payment is about 111 €, against an expected local rent of 146 €. The rent covers the whole payment (132%).
The asking price has fallen by 10,000 € (28.6%) since it was first listed.
Source: Market statistics for garages/parking in 9-Ti Kvartal
Amenities
- Automatic Door
- Water
- Electricity
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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