+11% above market
median 1,250 €/m² for comparable properties
18,000 € 1,384 €/m²
Rent covers ~ 115% of the payment
~ 92 €/mo rent · pays for itself in ~ 16 yrs
Sale20,000 €869 €/m²
Expected rent92 € /mo
~9,000 € BELOW MARKET
good value
against the median for garages/parking in Akaciya (13 properties)
Area
23 m²
Yield analysis
Fair investment rating
Monthly payment89 €20% down payment · 20 yrs · 3%
Expected rent92 €at market conditions for the neighbourhood
The rent covers 104% 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
1 change since listing▲ 11.8% · 2,105 €
- 17,895 €
- 20,000 €▲ 2,105 € (11.8%)
Property analysis
This garage/Parking is priced about 9,000 € below the typical price (the median) for garages/parking in Akaciya (13 properties) — 869 €/m² against 1,250 €/m².
With 20% down over 20 years the monthly mortgage payment is about 89 €, against an expected local rent of 92 €. The rent covers the whole payment (104%).
The asking price has risen by 2,105 € (11.8%) 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.
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