Magdolna Utca, 2 bedroom penthouse

Budapest, Hungary, District VIII, Józsefváros

298,900

2,793.46/sqm

2

Bedrooms

107

Approx sqm


Magdolna Utca, 2 bedroom penthouse

District VIII, Józsefváros

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Josh Goedderz

0036 70 627 5770

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298,900

HUF 99,000,000

2

Bedrooms

107

Approx sqm

Key Details

2
Floor:
6
Sqm price:
€ 2,793.46 / sqm
Elevator:
Yes
Common Costs:
€ / month
View:
Panorama
Apartment Condition:
Renovation needed
Orientation:
North
Building Condition:
Renovation needed

Investment Opportunity

Will you buy this Budapest apartment as an investment? Based on the current condition, features and location of the property find our reccommendation how to get the most out of it. If you are interested in a detailed business plan with potential annual income, deductables, taxation please contact us!

Ideal For

Long Term Rental

Establish hassle free income by assign a property manager. The type of the rental reflects the current condition and features of the property as well as the suitability of the location.

Expected Yield

4

%

Realize immediate income by putting this property in work. The amount of the return reflects the current condition and features of the property as well as the local market trends.

Listing Description

This amazing penthouse is on the top floor of a new building currently being finished. There are two huge terraces which allow the resident a nearly panoramic view of the city and Buda hills. It can be finished to the buyer’s preferences and even altered into a 3 bedroom space if desired. There is also a parking space available for purchase in the building. There is rear green area as well for the tenants to share.

This amazing penthouse is on the top floor of a new building currently being finished. There are two huge terraces which allow the resident a nearly panoramic view of the city and Buda hills. It can be finished to the buyer's preferences and even altered into a 3 bedroom space if desired. There is also a parking space available for purchase in the building. There is rear green area as well for the tenants to share.
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Amenities

Double balcony
Elevator
Excellent building condition
Floor heating
Garage
Mortgage free
Separated toilet
Shower
Top floor
With view

District VIII. - The Comeback Kid

Mention of the Eighth District can elicit any number of responses from a listener depending on the context. But a walk down the sunny streets of the ‘Palace Quarter’ and a visit to the newly rejuvenated Rákóczi Square will leave you with no doubt in your mind. The Austro-Hungarian empire’s legacy is more than alive in these streets, with some of the grandest urban palaces in the city to its name.

Flanked by the colorful VI. district nightlife, the erudite university and museum-lined streets of the Fifth’s downtown, and the lively gastro and bar offerings of Ferencváros, the elegant Palace Quarter is a well-connected alternative to its crowded neighbors.

The
Vibe

One of Budapest’s best kept secrets, full of revived grand palaces and contemporary boutiques.

What to Expect

Independent and classic. The Palace Quarter is home to any number of cozy cafes, boutique hotels and eateries that delight those who make the effort to venture off the beaten track. A beautifully revitalized piece of the city’s historic legacy without the crowds and grit of the city’s downtown.

What Not to Expect

Lots of green space.

Although the charming Károlyi Gardens isn’t far and the city has made generous efforts to line the streets with more trees and greenery, the quarter remains decidedly urban.

All square footage measurements are approximate and should be independently verified and confirmed. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Matthew & Daniels expressly disclaims any liability in connection with such measurements.