At market level
median 1,933 €/m² for comparable properties
25,800 € 1,984 €/m²
Rent covers ~ 137% of the payment
~ 157 €/mo rent · pays for itself in ~ 14 yrs
Sale20,000 €833 €/m²
Expected rent157 € /mo
~26,500 € BELOW MARKET
far below market
against the median for garages/parking in Sofia (740 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
24 m²
Heating
District Heating
Yield analysis
Strong investment rating
Monthly payment89 €20% down payment · 20 yrs · 3%
Expected rent157 €at market conditions for the neighbourhood
The rent covers 177% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 11 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▼ 42.9% · 15,000 €
- 35,000 €
- 20,000 €▼ 15,000 € (42.9%)
Property analysis
This garage/Parking is priced about 26,500 € below the typical price (the median) for garages/parking in Sofia (740 properties) — 833 €/m² against 1,933 €/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 89 €, against an expected local rent of 157 €. The rent covers the whole payment (177%).
The asking price has fallen by 15,000 € (42.9%) since it was first listed.
Details
- Category
- Commercial