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Newly renovated apartment with a yield of 6.6%, Athens, Greece.

273,000 €
5,055 € /m²
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Total area: 54 m² 1 bedroom 1 bathroom
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Features
  • Yield: 6.6%
  • Operating Incomе: 18,000 €
  • 7 floor
  • Occupancy: 100%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

The apartment on the top floor with a terrace.

Description

Spacious apartment of 54 m².

Equipment

  • Wi-Fi
  • elevator
  • central heating system
  • TV
  • air conditioning system
  • iron

Interior

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

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 absolute annual income is 18,000 €.

Current yield is 6.6%.

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 1,200 euros.

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

Location and nearby infrastructure

The apartment is located next to the ancient stadium ”Kallimarmaro“.

There are Syntagma and Plaka nearby.

The Acropolis Museum is situated in a 10-minute walk from the property.

Statistics in Athens

Price per m², €
1,528
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 1,528.04
Apartment in a bedroom community, m² 1,613.63
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 0.86
Milk, 1 l 1.22
White bread, 500 g 0.81
Eggs, a dozen 3.03
Chicken fillet, 1 kg 6.9
Education Price, €
Kindergarten, per month 354.61
International school, per year 6,786.67
Health care index
Staff competence 62.72
Medical equipment 58.12
Research accuracy and completeness 56.68
Attitude towards patients 57.19
Security index
Crime rate 51.55
The risk of being robbed 46.48
The risk of car theft 53.66
The risk of break-in and property damage 55.78

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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