No market valuation
On request
No yield data
Appears once there's enough market data
Sale45,000 €2,142 €/m²
Expected rent205 € /mo
~28,500 € BELOW MARKET
good value
against the median for garages/parking in Geo Milev (11 properties)
Area
21 m²
Yield analysis
Fair investment rating
Monthly payment200 €20% down payment · 20 yrs · 3%
Expected rent205 €at market conditions for the neighbourhood
The rent covers 103% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 18 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▼ 10% · 5,000 €
- 50,000 €
- 45,000 €▼ 5,000 € (10%)
Property analysis
This garage/Parking is priced about 28,500 € below the typical price (the median) for garages/parking in Geo Milev (11 properties) — 2,142 €/m² against 3,500 €/m².
With 20% down over 20 years the monthly mortgage payment is about 200 €, against an expected local rent of 205 €. The rent covers the whole payment (103%).
The asking price has fallen by 5,000 € (10%) since it was first listed.
Amenities
- Water
- Separate Electricity Meter
- Electricity
- Repair Pit
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.
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