Sale

Garage in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 7 May 2026 Updated: 29 September 2026
Sale85,000 €1,416 €/m²
Expected rent156 € /mo

~52,000 € BELOW MARKET

good value

against the median for garages/parking in Grycka Mahala (10 properties)

Area
60 m²
Floor
0 / 7

Yield analysis

Low investment rating

2.2% / yr
Monthly payment377 €20% down payment · 20 yrs · 3%
Expected rent156 €at market conditions for the neighbourhood

The rent covers 41% of the payment — you top up about 221 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 45 years. Calculated from the median rent for the neighbourhood, at full occupancy and before running costs — a benchmark, not a guarantee.

Price history

3 changes since listing▲ 16.4% · 12,000 €
  1. 73,000 €7 May 2026Initial price
  2. 95,000 €▲ 22,000 € (30.1%) 6 June 2026Price increased
  3. 99,999 €▲ 4,999 € (5.3%) 29 August 2026Price increased
  4. 85,000 €▼ 14,999 € (15%) 29 September 2026Price reducedCurrent

Property analysis

This garage/Parking is priced about 52,000 € below the typical price (the median) for garages/parking in Grycka Mahala (10 properties) — 1,416 €/m² against 2,281 €/m².

With 20% down over 20 years the monthly mortgage payment is about 377 €, against an expected local rent of 156 €. The rent covers 41% of it.

The asking price has risen by 12,000 € (16.4%) since it was first listed.

Source: Market statistics for garages/parking in Grycka Mahala

Amenities

  • Water
  • Access Control
  • Separate Electricity Meter
  • Electricity

Details

Category
Commercial

Approximate location

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

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