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Penthouse with a yield of 10%, Athens, Greece

137,000 €
3,702 € /m²
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Total area: 37 m² 1 bedroom 1 bathroom
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Features
  • Yield: 10.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV

Apartment for rent on the fifth floor.

Description

Completely renovated penthouse of 37.5 m² with a spacious terrace.

Interior

The apartment includes a living room, a double bedroom, a bathroom, a kitchen and a 43 m² terrace. 

Equipment

  • Wi-Fi
  • air conditioning system
  • equipped kitchen
  • TV
  • central heating or heater
  • hot water
  • elevator

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 10%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,200 euros.

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

Location and nearby objects

Located in a central residential area, this property is close to bus stations and it is 3 minute walk to ”Agios Nikolaos“ metro station. It takes 8 minutes via metro to the historical center of Athens (”Monastiraki“ metro station).

There is a a local square, a supermarket, a bank and an ATM machine, cafes and tavernas, a bakery, a pharmacy and dry cleaning services in a walking distance from the property. 

The distance to the Acropolis is 6.7 km.

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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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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