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One-bedroom buy-to-let apartment in the center of Athens with a yield of 7.4%, Gyzi, Athens, Greece

70,000 €
1,750 € /m²
  • Total area
    40 m²
  • Bedrooms
    1
  • Bathrooms
    1
  • Yield
    7.4 %
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Features
  • Leasable area: 40 m²
  • Total rooms: 2
  • 4-floor building
  • 1 floor
  • Annual income: 5,200 €
  • Internet
  • TV

An excellent renovated small apartment in the center of Athens which can accomodate up to 4 persons.

The apartment is located on the semi-basement floor and has a separate entrance.

Extra opportunities

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

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Interior

The apartment has a high-quality, bright and stylish renovation.

The apartment consists of a bedroom, a bathroom and a kitchen combined with a living room.

The kitchen is fully equipped and suitable for cooking a variety of culinary masterpieces. The living room also has a sofa that can accommodate 2 people.

In the bedroom there is a double bed, a large wardrobe and a loggia, separated from the main room by a panoramic window.

The bathroom has a shower cabin.

The apartment is equipped with air conditioning.

Equipment

  • a semi-basement floor
  • air-conditioning
  • a fully equipped kitchen

Advantages

The apartments are located in the center of Athens, so there is a high year occupancy when you rent the apartment in the short term (for example, for tourists).

Projected rental income after expenses but before taxes is 5,200 euros (7,4% of profitability before taxes).

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.

Infrastructure

The area has a very good and fast traffic interchange (4 bus stops and a metro station).

There are many cafes, bars, supermarkets and cinemas within walking distance.

In addition, the apartment is located next to the Archaeological Museum of Athens, which is a popular tourist destination.

Nearby there is the necessary social infrastructure: hospitals, clinics, city court and police office.

Location and nearby infrastructure

The apartment is located in the center of Athens, Gyzi.

Syntagma Square is 2.2 kms away from the property, while the Acropolis is 3.6 km away. Mount Lycabettus is also within walking distance.

It is very easy to get to the airoport or the port.

The nearest metro station Ambelokipi is 700 metres away.

  • 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.

Statistics in Athens

Price per m², €
1,598
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 1,598.23
Apartment in a bedroom community, m² 1,666.44
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 0.89
Milk, 1 l 1.23
White bread, 500 g 0.82
Eggs, a dozen 3.09
Chicken fillet, 1 kg 6.96
Education Price, €
Kindergarten, per month 364.1
International school, per year 6,989.39
Health care index
Staff competence 62.54
Medical equipment 57.95
Research accuracy and completeness 56.53
Attitude towards patients 56.72
Security index
Crime rate 51.34
The risk of being robbed 46.52
The risk of car theft 53.45
The risk of break-in and property damage 56.13

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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      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.

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