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Newly renovated apartments with a yield of 12.4%, Athens, Greece

64,000 €
1,391 € /m²
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Total area: 46 m² 1 bedroom 1 bathroom
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Features
  • Yield: 12.4%
  • Operating Incomе: 7,950 €
  • Built in 1980
  • 5-floor building
  • 5 floor
  • Most recent total renovation: 2017
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Balcony or terrace
  • Internet
  • TV
  • Furnished
  • Car parks

Spacious apartment of 29 m² with a large terrace of 17 m² and a balcony.

Interior

The apartments include a fitted kitchen, a bedroom, a bathroom, а WC.

Equipment

  • central heating system or electric heater
  • TV
  • air conditioning system
  • Wi-Fi
  • hot water
  • elevator
  • microwave
  • fridge
  • fire alarm system
  • carbon monoxide detector
  • fire extinguisher

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 7,950 euros.

The projected yield is 12.4%.

Transaction costs

Notary — 1,2%.

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 30% of the annual rental revenue and includes the airbnb commission.

Location and nearby objects

The apartment is located in close proximity to the center of Athens in a bright and multicultural area.

There are shops, restaurants, cafes, bars, bakeries, pharmacies, ATMs nearby.

The apartment is situated in a 4-minute walk from Agios Nikolaos metro station.

Statistics in Athens

Price per m², €
1,451
Healthcare efficiency level
55
Crime rate
48
Real estate Price, €
Apartment in the city centre, m² 1,451.09
Apartment in a bedroom community, m² 1,626.63
Transport Price, €
Public transport, 1 ride 1.4
Monthly travel card 30.0
Taxi, 1 km 0.74
Petrol, 1 l 1.57
Food Price, €
Water, 1.5 l 0.9
Milk, 1 l 1.21
White bread, 500 g 0.79
Eggs, a dozen 3.12
Chicken fillet, 1 kg 6.75
Education Price, €
Kindergarten, per month 350.78
International school, per year 6,561.11
Health care index
Staff competence 63.01
Medical equipment 58.07
Research accuracy and completeness 56.35
Attitude towards patients 57.39
Security index
Crime rate 51.08
The risk of being robbed 45.99
The risk of car theft 54.21
The risk of break-in and property damage 54.99

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 Tranio in Athens
+44 17 4822 0039
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