Sale

Garage in Varna, Grycka Mahala

VarnaGrycka Mahala
Published: 6 June 2026 Updated: 9 September 2026
Sale67,000 €1,030 €/m²
Expected rent156 € /mo

~81,500 € BELOW MARKET

far below market

against the median for garages/parking in Grycka Mahala (10 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
65 m²

Yield analysis

Low investment rating

2.8% / yr
Monthly payment297 €20% down payment · 20 yrs · 3%
Expected rent156 €at market conditions for the neighbourhood

The rent covers 52% of the payment — you top up about 141 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 36 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 81,500 € below the typical price (the median) for garages/parking in Grycka Mahala (10 properties) — 1,030 €/m² against 2,281 €/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 297 €, against an expected local rent of 156 €. The rent covers 52% of it.

Source: Market statistics for garages/parking in Grycka Mahala

Details

Category
Commercial

Approximate location

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

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