+21% above market
median 1,538 €/m² for comparable properties
28,000 € 1,866 €/m²
Rent covers ~ 104% of the payment
~ 129 €/mo rent · pays for itself in ~ 18 yrs
Sale69,990 €908 €/m²
Expected rent129 € /mo
~48,500 € BELOW MARKET
far below market
against the median for garages/parking in Varna (441 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
77 m²
Floor
0 / 6
Yield analysis
Low investment rating
Monthly payment311 €20% down payment · 20 yrs · 3%
Expected rent129 €at market conditions for the neighbourhood
The rent covers 42% of the payment — you top up about 182 €/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.
Property analysis
This garage/Parking is priced about 48,500 € below the typical price (the median) for garages/parking in Varna (441 properties) — 908 €/m² against 1,538 €/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 311 €, against an expected local rent of 129 €. The rent covers 42% of it.
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.