At market level
median 1,250 €/m² for comparable properties
25,000 € 1,250 €/m²
Rent covers ~ 108% of the payment
~ 120 €/mo rent · pays for itself in ~ 17 yrs
Sale18,900 €472 €/m²
Expected rent120 € /mo
~31,000 € BELOW MARKET
far below market
against the median for garages/parking in Hristo Smirnenski (47 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
40 m²
Yield analysis
Good investment rating
Monthly payment84 €20% down payment · 20 yrs · 3%
Expected rent120 €at market conditions for the neighbourhood
The rent covers 143% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 13 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 31,000 € below the typical price (the median) for garages/parking in Hristo Smirnenski (47 properties) — 472 €/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 84 €, against an expected local rent of 120 €. The rent covers the whole payment (143%).
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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