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Two buy-to-let apartments with a yield from 5% in the area of Kypseli, Athens, Greece

281,000 €
1,978 € /m²
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  • Total area
    142 m²
  • Yield
    5.33 %
Details
Property parameters
  • Total premises: 2
  • 3-floor building
Financial performance
  • Annual income: 14,640 €
Transaction costs
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.09 %

Renovated apartments in a three-level residential building for rental business. The apartments will be in demand among middle-income tenants — Greeks and foreigners working in Athens.

The building was built in the art deco style, with high ceilings, beautiful entrance, staircase and stained-glass windows.

Two apartments on the ground floor have access to a courtyard with a garden, two apartments on the top floor have access to their own roof area with a garden and a seating area. One of the rooms on the upper floor has a decorative fireplace. All apartments will retain their original parquet floors and fine wood internal entrance doors.

The completion date of the renovation is May 2021.

Extra opportunities

We can help you get a Golden Visa (permit without tax residence) when buying a property worth €250,000 or more.

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Financial performance

Offer:

Studio apartment 43 m² on the ground floor for 79,417 euros. Annual income — 4,440 euros. The yield is 5.59%.

Three-bedroom apartment 99 m² with roof garden on the top floor for 201,280 euros. Annual income — 10,200 euros. The yield is 5.07%.

Transaction costs

Costs include:

  • transfer tax — 3.09%
  • notary — 1.5% + VAT
  • lawyer — 1.5% + VAT
  • state fee — 0.7%

Location and nearby infrastructure

The house is located on a quiet, cozy street in the Kypseli area, Victoria metro station is a 7-minute walk away. Within walking distance from the house there are public transport stops, supermarkets, pharmacies, a hospital, public parking, a park and a cinema.

The convenient location and accessibility of public transport allow you to quickly reach all areas of the city, including the central — Plaka, Monastiraki (15–20 minutes), where shops, cafes and restaurants and the city's attractions are concentrated.

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