Exclusive
High yield apartment in Kolonos with 5% to 7% ROI
€59,000
- 1 Bedroom
- 1 Bathroom
- ~30 m² Total surface
- ~30 m² Living area
Description
Located in Kolonos, one of Athens’ emerging residential and investment areas, this independent 30 sq.m. second-floor apartment, built in 1971, is offered for sale. The property enjoys a prime location within walking distance of Attiki and Larissis Metro Stations, providing fast and convenient access to Athens city center and enhancing its long-term investment value as well as its rental appeal.
The apartment requires full renovation, offering the new owner the opportunity to redesign and upgrade it according to modern market standards and contemporary compact living concepts. Its practical layout, strategic location and low operating costs make it an excellent choice for investment purposes.
Following renovation, the property is estimated to achieve a gross rental yield (ROI) of approximately 5% to 7%, whether through long-term rentals targeting students and young professionals or, where permitted, short-term rentals. This is an excellent investment opportunity for buyers seeking a low entry cost, strong capital appreciation potential and stable rental returns in an area with steadily increasing demand.
BalconyBuilt-in kitchenFurnished
Property details
- Object type
Flat
- Bedrooms
1
- Bathrooms
1
- Floor
2
- Number of Floors
1
- Total surface
~30 m²
- Living area
~30 m²
- Flooring
Marble, Wooden floor
Energy efficiency information
- Construction year
1971
- Energy efficiency class
D
- Energy certificate available
Yes
- Energy certificate type
Consumption certificate
- Type of heating
Radiator
- Energy source
Central heating, Oil heating
Location: Athens, Attica
Location: Kolonos is located in the northwest of the Municipality of Athens and is one of the historic districts of the area.
Unique features: Kolonos is a lively neighborhood full of activity, as it is just a stone's throw from the center of Athens. The area underwent extensive reconstruction, mainly in the 1960s and 1970s. The name Kolonos means "hill," and it derives from the hill of Hippius Kolonos, which in ancient times was covered with olive trees. Kolonos is an extremely important archaeological site in Athens, where it is believed that the temple of Hippius Poseidon, patron of the municipality of the same name, once stood.
Accessibility: Kolonos is crossed by Lenorman Street. Line 2 of the metro and Larissa station are nearby, as well as the electric railway line.
Investment Potential: This area is located right in the center of Athens, an area that has always been of great interest to buyers. Guaranteed returns on investment.
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