At market level
median 1,250 €/m² for comparable properties
25,000 € 1,250 €/m²
Rent covers ~ 110% of the payment
~ 122 €/mo rent · pays for itself in ~ 17 yrs
Sale38,000 €1,900 €/m²
Expected rent122 € /mo
~13,000 € ABOVE MARKET
overpriced
against the median for garages/parking in Hristo Smirnenski (48 properties)
Area
20 m²
Floor
0 / 4
Yield analysis
Low investment rating
Monthly payment169 €20% down payment · 20 yrs · 3%
Expected rent122 €at market conditions for the neighbourhood
The rent covers 72% of the payment — you top up about 47 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 26 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▼ 5% · 2,000 €
- 40,000 €
- 38,000 €▼ 2,000 € (5%)
Property analysis
This garage/Parking is priced about 13,000 € above the typical price (the median) for garages/parking in Hristo Smirnenski (48 properties) — 1,900 €/m² against 1,250 €/m².
With 20% down over 20 years the monthly mortgage payment is about 169 €, against an expected local rent of 122 €. The rent covers 72% of it.
The asking price has fallen by 2,000 € (5%) since it was first listed.
Source: Market statistics for garages/parking in Hristo Smirnenski
Amenities
- Separate Electricity Meter
- 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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