Property Code: 7-680. Let us begin with something rarely written in a property listing:
Do not buy this apartment for its kitchen.
Nor for its bathroom.
Nor for its windows.
All of these have completed their cycle. The apartment dates from 1974 and requires full renovation.
Not a coat of paint, two light fittings and a photoshoot that will try to rebrand it as “refreshed”.
And this is where it becomes interesting.
Because a kitchen can be changed.
A bathroom can be changed.
Electricals, plumbing, windows and heating can be changed. 115 sq.m. on the 3rd floor, two minutes’ walk from the coastal road, with wide terraces at the front and rear and the sea framed in the living-room openings — these cannot be constructed afterwards.
These are what you are buying here.
Today the layout has two bedrooms, a large living room, an independent kitchen, a bathroom and a WC.
Tomorrow it can be read entirely differently.
Moving the kitchen into the social space and creating an open-plan living/kitchen can, following technical design, free the current kitchen room for use as a third bedroom. And then the equation changes:
115 sq.m.
3 bedrooms.
3rd floor.
Large terraces.
Sea view.
Coastal road approximately two minutes on foot.
This is the real “after” worth studying. The home is bright and front-facing, with white marble in the main spaces and wood in the bedrooms. The building has a renovated lift and the large terraces on both sides give the 115 sq.m. something more than internal area: space to live outside them as well. The existing central oil heating does not operate in the apartment. There is, however, a natural gas network in the street and the installation of an autonomous boiler and the utilisation of the existing radiator network can be examined technically. The current energy class is E. Regarding the parking space in the pilotis, there is an informal possibility of using a space that traditionally corresponded to the apartment, but it is not described as ownership in the title.
THE RENOVATION MATH.
Asking price: €395,000, i.e. €3,435 per sq.m.
In July 2026 the average asking price for residences in Kalamaki stands at approximately €4,801 per sq.m.
For rental, the average asking index in Kalamaki is currently around €13.43 per sq.m. — that is, as a purely mathematical benchmark, approximately €1,544 per month for 115 sq.m., before taking into account condition, view, exact location, quality of renovation and other characteristics.
Discover through PANTOU REALTORS a 115 sq.m. apartment with the potential for a three-bedroom layout, large open-plan living, two bathrooms, modern energy upgrade, two large terraces and the sea appearing through the living-room openings. Because of the entire renovation there is one thing the contractor will not need to deliver to you.
The sea.
It is already there.
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