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Newly renovated apartments in Greece, Athens, with a yield of 8.6%

210,000 €
3,684 € /m²

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Total area 57 m² 1 bedroom 1 bathroom
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Details
  • Total rooms: 2
  • 1 floor
  • Yield 8.6 %
  • Annual income: 18,000 €
  • Rental rate (m²/month): 26 €
  • Built in 1977
  • Notary (state registration): 1.5 %
  • Acquisition tax: 3.09 %
  • Internet
  • TV

Spacious apartment of 57 m² on the ground floor.

Interior

The apartments include a kitchen, a living room, a bedroom and a bathroom.

Equipment

  • central heating system or electric heater
  • cable TV
  • air conditioning system
  • Wi-Fi
  • hot water
  • fire alarm

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

The projected annual income is 18,000 euros.

The projected yield is 8.6%.

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 1,700 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 Koukaki, a residential area in 10 minute walk from the Acropolis and the Plaka area, as well as from other important attractions such as Syntagma Square, Temple of the Olympian Zeus and Monastiraki Market.

Kukaki is one of the seven most promising regions in the world for short-term leases.

Nearby there are the metro, tram and bus stations, ATMs, restaurants, cafes, supermarkets.

  • Property on the map
    Location right down to the building, street or city
  • Panoramas
    Virtual tour along the streets of the neighbourhood
  • Infrastructure
    Shops, schools, transport and entertainment

Statistics in Athens

Price per m², €
1,598
Healthcare efficiency level
55
Index 55 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 1,598.23
Apartment in a bedroom community, m² 1,666.44
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 0.89
Milk, 1 l 1.23
White bread, 500 g 0.82
Eggs, a dozen 3.09
Chicken fillet, 1 kg 6.96
Education Price, €
Kindergarten, per month 364.1
International school, per year 6,989.39
Health care index
Staff competence 62.54
Medical equipment 57.95
Research accuracy and completeness 56.53
Attitude towards patients 56.72
Security index
Crime rate 51.34
The risk of being robbed 46.52
The risk of car theft 53.45
The risk of break-in and property damage 56.13

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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Inna Klimaeva
Inna Klimaeva
Real Estate Expert
+44 17 4822 0039
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  • Mortgage rates from 3.5%
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