Sale

Parking Spot in Varna, Levski 1

VarnaLevski 1
Published: 8 May 2023 Updated: 8 May 2023
Sale18,000 €1,500 €/m²
Expected rent105 € /mo

AT MARKET LEVEL

fairly priced

against the median for garages/parking in Levski 1 (10 properties)

Area
12 m²

Yield analysis

Good investment rating

7% / yr
Monthly payment80 €20% down payment · 20 yrs · 3%
Expected rent105 €at market conditions for the neighbourhood

The rent covers 131% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 14 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 at the typical price (the median) for garages/parking in Levski 1 (10 properties) — 1,500 €/m² against 1,500 €/m².

With 20% down over 20 years the monthly mortgage payment is about 80 €, against an expected local rent of 105 €. The rent covers the whole payment (131%).

Source: Market statistics for garages/parking in Levski 1

Amenities

  • Elevator
  • Access Control

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 1,500 €/m² for comparable properties

54,000 € 1,500 €/m²
  • 36m²
  • 0/1fl.

Rent covers ~ 44% of the payment

~ 105 €/mo rent · you top up ~ 135 €/mo

−13% below market

median 1,500 €/m² for comparable properties

17,000 € 1,307 €/m²
  • 13m²

Rent covers ~ 139% of the payment

~ 105 €/mo rent · pays for itself in ~ 13 yrs