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Renovated apartment with a yield of 9,3%, Athens, Greece

79,000 €
2,633 € /m²
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Total area: 30 m² 1 bedroom 1 bathroom
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Features
  • Yield: 9.3%
  • Operating Incomе: 7,300 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Studio apartment for rent on the basement floor.

Description

The apartment is fully renovated.

Interior

The apartment includes a bedroom with a bed and a sofa, a bathroom, a kitchen and a balkony.

Equipment

  • equipped kitchen
  • TV
  • Wi-Fi

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

Projected annual income is 7,300 €.

The projected yield of 9,3%. 

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 800 euros.

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

Location

The apartment is located in the Kipseli district. This is a prestigious residential area in the north of the center of Athens with pleasant restaurants and architecture.

There are public transport stops, banks, and a supermarket in a walking distance from the property.

The distance to the Acropolis is 4.5 km.

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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Inna Klimaeva
Inna Klimaeva
Real Estate Expert
+44 17 4822 0039
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