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Nefelejcs utca 59

HUF 70M   7th District

Bedrooms:3 and Bathrooms:1  

Size of apartment: 143 m2

The 143sqm apartment has three double bedrooms,and a seperate area which can also be used as a bedroom or dining area, 1 bathroom, seperate WC, and huge living room / kitchen with all mod cons.

Located in the heart of the 7th district on Nefelejcs Utca, beside the Veterinary college and McDaniel College Budapest. Andrassy utca and the City Park are within 5 minutes walk and it is also a comfortable walk to most major city centre attractions.

Those who know Budapest will be aware that this area has undergone a huge transition in recent years, back to being the home of the professional classes for which it was originally built.

Lying just off the the grand tree lined avenue that is Damjanich Utca the apartment is a beautiful space currently occupied by a diplomatic family paying 1200 euro per month rent. With some upgrade the apartment can easily be rented for around 1500 euro per sqm. Or re-arranged as 4 x 1 bed / studio flats to be rented at circa 500 euro each.

It has a very light aspect being a corner apartment and also has views over the mature tree lined street. A really good living space, peaceful and very comfortable for family or studying

The apartment can be reached by tram, underground, and bus.

Yield for this property

Cost price: € 222,929

Realistic rental expectation: € 1200 / month

Management fees: € 100 / month

Yield (excluding any taxes): 5.9 %