Property Code: 7-726. 34 square metres.
A proper bedroom.
One of Athens’ most distinctive neighbourhoods.
And an investment that is already collecting rent. Between Strefi Hill and Lycabettus, in that part of Exarcheia where Athens still retains its own character, a furnished 34 sq.m. apartment on the 1st floor of a six-storey 1963 building is offered for sale. Here the neighbourhood plays the leading role.
Old Athenian apartment buildings, small bookshops, cafés with personality, traditional tavernas, cultural spaces and streets that preserve something of the unpretentious atmosphere of old Athens.
An area with strong student, artistic and everyday life, within reach of the university faculties and the cultural routes of the centre.
The apartment is not a single space of sleeping and sitting.
It has a separate bedroom — a practical advantage for its 34 sq.m. From the security entrance door, the entrance leads to a hall that can be used as additional everyday space or storage.
Then follow the bathroom, the small kitchen and the independent bedroom.
The residence is internal, looking onto the rear light well of the building, away from the direct movement of the street.
It was partially renovated in 2017 and is sold furnished.
It features tiled floors in most spaces and wood in the bedroom, aluminium windows with older shutters, as well as lift access.
Cooling and heating are provided by a Midea 12,000 BTU air-conditioning unit, while the electric water heater is located in the loft.
There is an Internet connection of 500 Mbps — useful for students, remote workers and anyone needing reliable digital connectivity.
Provision has also been made for a possible future natural gas connection, which is available in the street and building network. Monthly common expenses amount to approximately €15, while the energy rating is Z.
Exarcheia has served as the backdrop for the literature, music, cinema and intellectual life of the city.
Today it continues to attract people who choose the centre not only for the practicality of the location, but also for its distinctive identity.
Proximity to Strefi Hill, the markets, the small shops, the university institutions and the dining spaces creates an environment that serves both student and urban residence.
The property is already tenanted at €400 per month, with a reported lease duration until August 2027.
At a price of €115,000, the existing rent corresponds to annual income of €4,800 and a gross annual rental yield of approximately 4.17%, before taxes.
For the buyer seeking income, the principal advantage is that the residence already has a rental relationship, without the need for immediate tenant search.
THREE POSSIBLE NEXT CHAPTERS.
01 | HOLD & COLLECT: Retention of the existing tenancy and collection of the agreed rent, in accordance with the terms of the lease.
02 | REPOSITION & RENT: After the lawful conclusion of the tenancy, the possibility of re-examining the rental positioning of the property, potentially with selective aesthetic and energy interventions.
Indicatively, a future rent of €500–€550 would correspond to a gross yield of approximately 5.22%–5.74% on the current asking price.
03 | PERSONAL OR PROFESSIONAL USE: Future use as a small personal residence, student apartment or professional space of limited requirements, provided this is permitted by the applicable uses and the building regulations.
This is not a residence that relies on luxury or impressive square metres.
It is a small, furnished apartment with an independent bedroom, existing income and presence in one of the most recognisable micro-neighbourhoods of the Athenian centre. For an investor seeking a measured initial placement in a property with real rental use, this is the essence of the proposal through PANTOU REALTORS. NOT EVERY INVESTMENT NEEDS TO MAKE A GRAND ENTRANCE.
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