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Newly renovated apartments with a yield of 6.7%, Athens, Greece.

179,000 €
3,196 € /m²
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Total area: 56 m² 1 bedroom 1 bathroom
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Features
  • Yield: 6.7%
  • Operating Incomе: 12,000 €
  • 2 floor
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Internet
  • TV

Spacious apartment of 56 m² on the second floor.

Interior

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

Equipment

  • central heating system or electric heater
  • TV
  • air conditioning system
  • Wi-Fi
  • hot water
  • washing machine

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 12,000 euros.

The projected yield is 6.7%.

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 1,000 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 area of Likabettus, near the hill Likabettus. The hill is famous for its Byzantine church of St. George.

Nearby there are restaurants, cafes, shops.

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
51
Index 51 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 1,632.77
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 0.88
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 51.95
The risk of being robbed 46.8
The risk of car theft 53.96
The risk of break-in and property damage 56.03

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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