Apartment For Sale Near Plateia Agia Georgiou In Kypseli

Recently fully renovated apartment and good investment property (currently 8-10% return) in a private, quiet and secure environment in an up-and-coming area of Kypseli, next to Plateia Agia Georgiou and a short walk from Plateia Fokianos Negri, both of which are full of cafés, tavernas and independent shops.

This is a very good investment and/or rental opportunity due to its location and the standard of the renovation. It would also make a great pied-a-terre in Athens if you’re looking for somewhere that’s well connected and naturally cool in the summer.

It is currently being rented out for between €40 and €62 per-day, giving a return of approximately 8-10%.

The apartment opens up at the back with two double doors onto a courtyard and a large communal garden with trees, which is unusual in the area.

With the original mosaic floors throughout, all of which have been sanded and polished and which keeps the place cool in the summer, the apartment has undergone a full renovation to a high standard between September 2023 and January 2024 and with the help of a well-known local architect and interior designer.

The apartment has been completely re-wired and has had a video-entry phone system installed. The recent electrical safety certificate is available.

The plumbing is also new and there is instant hot water 24h a day, due to the Solcor system, a Greek product manufactured in Thessaloniki.

The outside area has also been cleaned, refreshed and painted and has a nice seating area and new lighting.

Notably, the building is very well managed by a proactive building manager who lives in the building.

The building has central gas heating that is switched-on when needed and feeds the three radiators in the apartment. There is alos a heated towel rail in the bathroom.

More photos, the floorplan, architectural drawings and receipts for works done, are available on request.

Asking price: Euro 124,000.

The price can maybe include all the new high standard electrical kitchen appliances (to discuss).

• New re-wire (electrical safety certificate coming)

• Electrical, TV and telephone points are numerous and all are new

• New video-entry phone

• New plumbing

• New bathroom suite designed and with a large, heated towel rail

• New kitchen with new high quality electrical appliances

• On-demand hot water for both the kitchen and bathroom through Solcore electric heating product, manufactured in Thessaloniki (works like a gas boiler and is energy efficient)

• 3 radiators using efficient central heating (gas), used only when necessary

• 2 new windows at rear

• Doors and windows have new mosquito screens

• New locks on main door (5 sets of keys)

• Wiring in place for two air conditioning units (only 1 main unit outside is necessary / spilt system), but not really necessary, as apartment actually keeps cool in the summer

• EPC: D (September 2023)