−8% below market
median 1,538 €/m² for comparable properties
17,000 € 1,416 €/m²
Rent covers ~ 171% of the payment
~ 129 €/mo rent · pays for itself in ~ 11 yrs
Sale43,000 €1,954 €/m²
Expected rent129 € /mo
~9,000 € ABOVE MARKET
overpriced
against the median for garages/parking in Varna (441 properties)
Area
22 m²
Yield analysis
Low investment rating
Monthly payment191 €20% down payment · 20 yrs · 3%
Expected rent129 €at market conditions for the neighbourhood
The rent covers 68% of the payment — you top up about 62 €/mo for 20 years. From rent alone, with no loan, it pays for itself in 28 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▼ 8.5% · 4,000 €
- 47,000 €
- 43,000 €▼ 4,000 € (8.5%)
Property analysis
This garage/Parking is priced about 9,000 € above the typical price (the median) for garages/parking in Varna (441 properties) — 1,954 €/m² against 1,538 €/m².
With 20% down over 20 years the monthly mortgage payment is about 191 €, against an expected local rent of 129 €. The rent covers 68% of it.
The asking price has fallen by 4,000 € (8.5%) since it was first listed.
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.