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Buy-to-let apartment with a yield of 8,4%, Athens, Greece

263,000 €
1,730 € /m²
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Total area: 152 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 8.4%
  • Operating Incomе: 22,000 €
  • Built in 1980
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 4
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Three-bedroom flat.

Description

The total area of the apartment is 152 m²

The flat consists of a living room, a kitchen, three bedrooms, a bathroom, a WC and two balconies.

The apartment was recently renovated.

The flat can accommodate up to nine residents.

Equipment

  • apartment is furnished
  • kitchen is equipped with modern appliances
  • wireless access to Internet
  • the building is equipped with an elevator

Advantages

  • professional management company
  • no need to do repairs and wait, the income starts coming right away
  • working rental business
  • airbnb revenue data provided by request

Financial performance

Absolute annual income is 22,000 €.

The current yield of 8,4%.

Transaction costs

Notary — 1,5% + 24% VAT.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,800 euros.

The management company fee is 25% of the annual rental revenue and includes the airbnb commission.

Location and nearby infrastructure

The apartment is located in the central part of Athens. There are public transport stops, a Metro station and sights of the city situated within few minutes of walking from the property.

Statistics in Athens

Price per m², €
1,513
Healthcare efficiency level
54
Index 54 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
52
Index 52 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,512.65
Apartment in a bedroom community, m² 1,594.38
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 30.0
Taxi, 1 km 0.74
Petrol, 1 l 1.55
Food Price, €
Water, 1.5 l 0.87
Milk, 1 l 1.23
White bread, 500 g 0.81
Eggs, a dozen 3.06
Chicken fillet, 1 kg 6.85
Education Price, €
Kindergarten, per month 356.01
International school, per year 6,720.7
Health care index
Staff competence 62.14
Medical equipment 58.17
Research accuracy and completeness 56.52
Attitude towards patients 56.87
Security index
Crime rate 51.69
The risk of being robbed 46.64
The risk of car theft 53.96
The risk of break-in and property damage 55.6

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Ekaterina Matsyuk
Ekaterina Matsyuk
Greece Real Estate Expert
+44 17 4822 0039
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