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Apartment with a yield of 10%, Voula, Greece

420,000 €
3,529 € /m²
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Total area: 119 m² 2 bedrooms 2 bathrooms
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Features
  • Yield: 8.5%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 3
  • Balcony or terrace
  • Internet
  • TV

An apartment on the first floor.

Description

The apartment has an area of 119 m².

The property can accommodate 6 people.

Interior

The apartments include a living room with a sofa that can be converted into a double bed, 2 double bedrooms, a kitchen-dining room, 2 bathrooms.

Equipment

  • elevator
  • fireplace
  • air conditioning system
  • equipped kitchen
  • TV

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 yield of 8,5%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,400 euros.

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

Location

Voula is the southern suburb of Athens, located in 16 km from the city center and in 19 km from the Eleftherios Venizelos International Airport. In addition to sandy beaches, tourists are provided with tennis and volleyball courts, water slides, cafes, and bars.

There are cafes and restaurants, ATMs, a sports hall, a car rental, public transport stops in a walking distance from the property.

We can help you get a Gold Visa (permit without tax residence) when buying a property worth €250,000 or more.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Greece.

You can see more buy-to-let apartments for sale in Voula elsewhere on our website.

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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Voula
+44 20 3608 1267
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