−46% below market
median 2,347 €/m² for comparable properties
14,000 € 1,272 €/m²
Rent covers ~ 190% of the payment
~ 118 €/mo rent · pays for itself in ~ 10 yrs
Sale26,000 €866 €/m²
Expected rent118 € /mo
Area
30 m²
Yield analysis
Fair investment rating
Monthly payment115 €20% down payment · 20 yrs · 3%
Expected rent118 €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.
Price history
3 changes since listing▼ 39.5% · 17,000 €
- 43,000 €
- 35,000 €▼ 8,000 € (18.6%)
- 29,000 €▼ 6,000 € (17.1%)
- 26,000 €▼ 3,000 € (10.3%)
Property analysis
This garage/Parking is priced 63% below the typical price (the median) for comparable properties — 866 €/m² against 2,347 €/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 115 €, against an expected local rent of 118 €. The rent covers the whole payment (102%).
The asking price has fallen by 17,000 € (39.5%) since it was first listed.
Source: Market statistics for garages/parking in Bazar Levski
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 2,347 €/m² for comparable properties
54,800 € 2,382 €/m²
Rent covers ~ 49% of the payment
~ 118 €/mo rent · you top up ~ 125 €/mo
At market level
median 2,347 €/m² for comparable properties
45,500 € 2,394 €/m²
Rent covers ~ 58% of the payment
~ 118 €/mo rent · you top up ~ 84 €/mo
At market level
median 2,347 €/m² for comparable properties
39,900 € 2,347 €/m²
Rent covers ~ 67% of the payment
~ 118 €/mo rent · you top up ~ 59 €/mo