Cozy one bedroom apartment with a yield of 6.2% in the most distinctive area — Exarchia, Athens, Greece

110,000 €

2,156 € /m²

Total area
51 m²
Bedrooms
1
Bathrooms
1
Yield
6.2 %

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Features

Total rooms: 2
2 floor
No tenants
Balcony or terrace

For sale one bedroom 51 m² apartment in the area of Exarchia in Athens. The apartment is fully ready for daily rent (40–60 euros/night), equipped with furniture and appliances.

The projected rental income before taxes is 6,859 euros.

The projected return of 6.2%.

Extra opportunities

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

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Interior

The apartment is located on the first floor of the building and comprises a bedroom, a living room, a kitchen, a bathroom and a balcony.

Advantages

Property is sold without commission to the buyer.

Full renovation of the property was made, including the replacement of all utility networks. Warranty — 2 years.

Documents for the property are ready, the transaction will take only 10–14 days.

Apartment is insured against fires, floods, thefts and other illegal actions, from damage to utilities and a number of other insured events.

After-sales service. We help to rent out property for long-term period, as well as to resolve any issues for which you need to be in the location: paying bills, controlling payment from tenants and more.

Location

The building is located on 27 Tzavella Street, in the Exarchia district, one of the central areas of Athens, bordered by the Kolonaki district in the East, framed by the streets of Patision, Panepistimiou, and Alexandras Avenue. There are several bus and trolleybus routes in the area. The nearest subway stations are ”Panepistimio“, ”Omonia“ and ”Victoria“.

The historical building of the Athens National Technical University, the National Archaeological Museum of Athens are situated in the district. The area is very lively. Here is the street Stournari, the so-called ”silicon valley of Greece“, because of its numerous shops of computer and digital technology. Also, one will find some of the best taverns in the city here, as well as alternative bars, snackbars with quality food at affordable prices.

Property on the map

Location right down to the building, street or city
Panoramas

Virtual tour along the streets of the neighbourhood
Infrastructure

Shops, schools, transport and entertainment
Other properties

Other offers nearby

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 Athens elsewhere on our website.

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.