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
Sale28,000 €666 €/m²
Expected rent122 € /mo
~24,500 € BELOW MARKET
far below market
against the median for garages/parking in Hristo Smirnenski (48 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
42 m²
Yield analysis
Fair investment rating
Monthly payment124 €20% down payment · 20 yrs · 3%
Expected rent122 €at market conditions for the neighbourhood
The rent covers 98% of the payment — you top up about 2 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 19 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.
Property analysis
This garage/Parking is priced about 24,500 € below the typical price (the median) for garages/parking in Hristo Smirnenski (48 properties) — 666 €/m² against 1,250 €/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 124 €, against an expected local rent of 122 €. The rent covers 98% of it.
Source: Market statistics for garages/parking in Hristo Smirnenski
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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