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Penthouse with two balconies and a yield of 13.7%, Athens, Greece

95,000 €
3,392 € /m²
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Total area: 28 m² 1 bedroom 1 bathroom
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Features
  • Yield: 13.7%
  • Operating Incomе: 13,000 €
  • Built in 1976
  • Most recent total renovation: 2018
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV

An apartment for rent on the sixth floor.

Description

The building in which the apartment is located was built in 1976.

The apartment was renovated in February 2018.

The area of the apartment is 28 m², and the area of the balconies is 40 m².

Interior

The apartment includes a living room, a bedroom, a kitchen, a bathroom and two balconies.

Equipment

  • equipped kitchen
  • TV
  • Wi-Fi
  • air conditioning system

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 13,000 €.

The projected yield of 13.7%. 

Transaction costs

Notary — 1,5% + 24% VAT.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Management costs are 30% of rental revenue. The manager will take over all the expenses on this 30% percentage.

Location and nearby infrastructure

The apartment is located in the South Patissia area, in a 5-minute walk from the metro station Attiki. There are the shops, a shopping center, a supermarket, pharmacies, a paid parking nearby.

The distance to the Acropolis is 4 km.

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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