−31% below market
median 1,533 €/m² for comparable properties
14,900 € 1,064 €/m²
Rent covers ~ 195% of the payment
~ 129 €/mo rent · pays for itself in ~ 10 yrs
Sale16,500 €1,375 €/m²
Expected rent129 € /mo
~2,000 € BELOW MARKET
good value
against the median for garages/parking in Varna (439 properties)
Area
12 m²
Yield analysis
Strong investment rating
Monthly payment73 €20% down payment · 20 yrs · 3%
Expected rent129 €at market conditions for the neighbourhood
The rent covers 176% of the payment — the tenant pays off the loan over 20 years. From rent alone, with no loan, it pays for itself in 11 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 2,000 € below the typical price (the median) for garages/parking in Varna (439 properties) — 1,375 €/m² against 1,533 €/m².
With 20% down over 20 years the monthly mortgage payment is about 73 €, against an expected local rent of 129 €. The rent covers the whole payment (176%).
Amenities
- Access Control
- Electricity
- Lit
Details
- Category
- Commercial
Approximate location
The exact address hasn't been published by the seller — the map shows the neighbourhood.