Member of the A1 Group
Veres Pálné street, 3 bedroom apartment

District V. , Belváros

426,900

3,587 / sqm

4

Rooms

beds

3

Bedrooms

sqm

119

Approx sqm

Veres Pálné street, 3 bedroom apartment

District V. , Belváros

Show on map

426,900

HUF 179,900,000

4

Rooms

beds

3

Bedrooms

119

Approx sqm

Key Details

baths
3
Floor:
1
Sqm price :
3,587 / sqm
Elevator:
Yes
Common Costs:
70,000 HUF (With water)
View:
Courtyard
Apartment Condition:
Renovated
Building Condition:
Good condition
Orientation:
West

Ideal For

Short Term Rental

Short term rental Establish hassle free income by assign a property management company. The recommended letting type based on the current condition and features of the property as well as the suitability of the location.

Expected Yield

6

%

Listing Description

Come to see this unique 3 bedroom apartment in Veres Pálné street, in the 5th district the historical part of downtown Budapest. The beautifully renovated and fully-furnished spacious apartment is on the 1st floor, is 119sqm(on the title deed 114) with 3 bedrooms, 3 bathrooms and a living room.

 

The four-story bulding is made from brick and has an elevator as well. The apartment has a ceiling height of almost 4 meters and is rich in details with custom-made wood doors and windows which were replaced 3 years ago. The designer strived for quality so the rooms are decorated with beautiful stucco. There are radiators in the bedrooms, underfloor heating in the living room and bathrooms. The windows face the two-sided inner courtyard, making it extremely quiet.

 

The Art Nouveau house was built in 1890 and the facade was completely renovated 2 years ago. The building is constantly being renovated and the staircase is due to be renovated in the near future as well. The common cost is 70,000 ft, increased due to the renovation fund and also includes stairwell cleaning, regular trash removal, water and channel fees.

The apartment is mortgage free and the new owner can move in immediately. The property can be purchased with both cash and bank financing.

 

The flat is located in the triangle of Fővám square - Kálvin square - Ferenciek square, 4-5 minutes walk from the metro lines (M3, M4) as well as buses and trams. There are also many restaurants, cafés, shops and a pharmacy within a 1-2 minute walk. We recommend it, if  you are interested in an apartment in the centre, but would like to have a quiet place or if the nearby universities play a key role in your decision from an investment point of view.

 

Feel free to contact me anytime for more information!

 

Amenities

Windows In The Kitchen
Circo Heating
Bathtub
Voice Intercom
High Ceilings
Dishwasher
Washing Machine
Storage
Oven
Mortgage Free
Shower
Alarm System

District V. - Downtown Prestige

The Fifth district offers its residents the ultimate downtown lifestyle. Filled with luxury accommodation, fine dining, and tourist attractions alike, it’s one of the busiest areas for business and tourism. This district is an attraction for visitors and investors alike and is one area where renovations are consistent and streets are well-kept.

The
Vibe

Quintessential Budapest - charming and dynamic.

What to Expect

Property prices in the Fifth district are among the highest in the city, but the area has proven to deliver excellent returns for investors, across all neighborhoods. There is a huge diversity in neighborhoods, ranging from bustling party streets to the incredibly peaceful streets of Viziváros (Water City). Investors looking for property in this neighborhood should consider how close (or far) they want to be from the tourist buzz.

What Not to Expect

Total quiet and green surroundings are not characteristic of this neighborhood. Even on the quietest streets, adventurous visitors to the city roam around during the day. Vehicle traffic can also be heavy in this area, especially during holiday street closures, which can make parking more difficult. Finally, although the district offers several beautiful parks to choose from, District V is not considered one of the greenest areas in the city.

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.