Sale−21% below market

Parking Spot in Sofia, Nadejda 2

SofiaNadejda 2
Published: 7 May 2025 Updated: 7 May 2025
Sale29,000 €1,526 €/m²
Expected rent157 € /mo
Area
19 m²
Heating
District Heating

Yield analysis

Good investment rating

6.5% / yr
Monthly payment129 €20% down payment · 20 yrs · 3%
Expected rent157 €at market conditions for the neighbourhood

The rent covers 122% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 15 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 21% below the typical price (the median) for comparable properties — 1,526 €/m² against 1,941 €/m².

With 20% down over 20 years the monthly mortgage payment is about 129 €, against an expected local rent of 157 €. The rent covers the whole payment (122%).

Source: Market statistics for garages/parking in Nadejda 2

Amenities

  • Elevator

Details

Category
Commercial

Approximate location

The exact address hasn't been published by the seller — the map shows the neighbourhood.

Similar properties nearby

At market level

median 1,941 €/m² for comparable properties

33,000 € 1,941 €/m²
  • 17m²
  • 0/6fl.

Rent covers ~ 107% of the payment

~ 157 €/mo rent · pays for itself in ~ 18 yrs

At market level

median 1,941 €/m² for comparable properties

33,000 € 2,062 €/m²
  • 16m²
  • 0/1fl.

Rent covers ~ 107% of the payment

~ 157 €/mo rent · pays for itself in ~ 18 yrs

+29% above market

median 1,941 €/m² for comparable properties

69,900 € 2,496 €/m²
  • 28m²
  • 0/5fl.

Rent covers ~ 51% of the payment

~ 157 €/mo rent · you top up ~ 153 €/mo