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1 bed flat for sale in Elliniko, Athens, Greece, 48 m²

1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 1
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 2
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 3
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 4
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 5
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 6
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 7
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 8
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 9
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 10
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 11
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 12
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 13
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 14
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 15
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 16
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 17
1 bed flat for sale in Elliniko, Athens, Greece, 48 m² - photo 18
Price€80,000
TypeFlat
Covered area48 m²
Beds1
Bath1
Rooms2
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Environment

Description

For sale apartment of 48 sq.meters in Athens. The apartment is located on the 4th floor and it consists of one bedroom, living room, one kitchen, one bathroom. Flat has front layout has a city view, has a city view, also contains elevator, heating. We offer for sale an investment project of Grekodom Development Mouzenidis Group The project will be accompanied and guaranteed before its completion by turnkey company Grekodom Development The flat is located in Metaksourgeio area, 300m far from the famous square of Karaiskaki The neighborhood is located on the Northern-Western side from the historical center of Athens, between Kolonos to the east andKerameikosto the west, and north ofGazi. Metaxourgeio has been built by the architect Christian Hansen. It took its name from the silk manufacture factories that were located in this area until 1875. (Metaksimeans silk in the Greek language). In the middle of last century when the city of Athens, start its fast development, the Meatksourgeio area has become the heart of cultural and commercial of the capital. The convenientlocation of the buildingand easy accessto the center of the city suitperfectly for the living or rental. The property has been fully renovated in 2018, as per the latest technologies, using the newest materials! As per the request of the owner, the internal interior has been made in an English style the layout has been changed, new electrical wiring, hydraulics and the sanitary fixtures were installed, all windows were replaced with double-glazed windows, equipped with the new thermal insulation technology all the necessary bathroom fixtures were installed in the bathrooms. The tax transition is 3.09% The project will be accomplished until May 2018 The property as an investment opportunity canbringto the owner high and stable income from the rental. More detailed : investment amount : 80.000+ expenses = 87.200 euros yearly occupancy : 70% ADR : from 50 euros per day yearly income : 12.775 euros yearly expenses : 3.833 euros clear income after taxes : 8.942 euros

Extra Сosts when Buying Property

TRANSFER TAX
If the Building Licence was issued on or after 01/01/06 and the seller is a developer-contractor 24%
Otherwise 3.09%
OTHER FEES
Land Registry Fees 0.5% (+24% VAT)
Notary fees 1.5% (+24% VAT)

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Ongoing Ownership Costs

Water supply €60-250 p.a.
Heating €0.104 KW/h
Electricity €0.07 KW/h
Gas €140-400 p.a.
Telephone and Internet €180-600 p.a.
Expenditure on common areas €200-400 p.a.
Income tax return from €50 p.a.
SINGLE REAL ESTATE PROPERTY TAX (PRINCIPLE
For buildings €2-13€/m2 p.a.
For plots of land in settlements 3-9€/1000 m2 p.a.
For plots of land outside settlements 1€/1000 m2 p.a.
REAL ESTATE PROPERTY TAX (ADDITIONAL)
Price from 200,000 0.1%
Price from 250,000 0.15%
Price 300,000-400,000 0.3%
And so on

Additional Services Costs

Legal fee 1.5% (+24% VAT)
Real Estate Agent Fee 2% (+24% VAT)

Return on Investment

Property Price
Rental Cost
0%
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