District VII. , Belső-Erzsébetváros
€ 390,000
3
Rooms
2
Bedrooms
145
Approx sqm
An impressive classical apartment of substantial proportions, offering exceptional ceiling heights, generous square meterage and outstanding development potential. Extending to approximately 145 sq m, this is a rare opportunity to acquire a highly versatile property with scope to reconfigure and add further bedrooms, making it particularly attractive to investors and developers seeking value-add potential.
The apartment retains a wealth of period character, complemented by a well-considered renovation that ensures modern functionality while preserving its classical integrity. Large, street-facing windows flood the interior with natural light, enhancing the sense of scale created by the lofty ceilings and expansive rooms. The layout is currently arranged to provide two bedrooms, a spacious reception area, two bathrooms and a separate kitchen, which may readily be converted into an additional bedroom, home office or guest suite, subject to requirements.
Notably, the property is the only apartment in the building to benefit from a private balcony, offering a rare and valuable outdoor space rarely found in comparable period buildings. With two separate entrances and a flexible internal configuration, the apartment is equally well suited to residential use, professional occupancy or redevelopment into a higher-yield layout.
A distinctive and highly adaptable property, combining scale, character and scarcity, and presenting an excellent opportunity for those seeking a prestigious asset with significant long-term potential.
Over the past decade, the VII. District’s Jewish Quarter has evolved from a bohemian mess of streets to a pulsing, contemporary hotspot filled with new-wave coffee shops, boutique cocktail bars and restaurants, music venues and design stores. The ruin-pubs and Jewish culture that popularized the District are now couched between new neighbors incorporating Western European trends. But there’s no doubt that the colorful chaos of Szimpla Kert, Jewish gastro-gardens of Kőleves, Mazel Tov and co., and other bohemian mainstays still dictate the District’s flavor. Despite its rapid evolution, the Seventh is big, filled with charming local spots, if you can pry yourself away from the lively Gozsdu Courtyard or Király Street. And with the highest population density of all the Districts, it offers 24-hour energy and life to residents and visitors.
Music, parties, a vibrant dining out culture, clothing and design boutiques are packed side-by-side along the main streets in the District. Nighttime diversions aren’t hard to find, as there’s guaranteed to be a party, show or happening almost any night of the week. This is the District to be for those looking to get the most out of Budapest’s nightlife.
The as-of-now mainstream ruin pubs and gentrification of the VII. District has squeezed out less profit-oriented underground or alternative venues to the neighboring VIII. and IX. Districts. The VII. also sees a transient bustle of tourists and short-term visitors and the flashier genre of establishments that accompany them, making the heart of the District an unfavorable location for families.