−20% below market
median 1,538 €/m² for comparable properties
28,500 € 1,239 €/m²
Rent covers ~ 102% of the payment
~ 129 €/mo rent · pays for itself in ~ 18 yrs
Sale28,500 €1,239 €/m²
Expected rent129 € /mo
~7,000 € BELOW MARKET
good value
against the median for garages/parking in Varna (441 properties)
Area
23 m²
Floor
0 / 1
Yield analysis
Fair investment rating
Monthly payment126 €20% down payment · 20 yrs · 3%
Expected rent129 €at market conditions for the neighbourhood
The rent covers 102% 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.
Property analysis
This garage/Parking is priced about 7,000 € below the typical price (the median) for garages/parking in Varna (441 properties) — 1,239 €/m² against 1,538 €/m².
With 20% down over 20 years the monthly mortgage payment is about 126 €, against an expected local rent of 129 €. The rent covers the whole payment (102%).
Amenities
- Electricity
- Lit
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 1,538 €/m² for comparable properties
23,499 € 1,566 €/m²
Rent covers ~ 124% of the payment
~ 129 €/mo rent · pays for itself in ~ 15 yrs