District V. , Belváros
€ 578,900
HUF 225,000,000
2
Rooms
1
Bedrooms
89
Approx sqm
An 89 m², two-room, full-comfort apartment in need of renovation is for sale directly from the owner, located on the second floor of an elegant five-story building built in the 1910s, at one of the best locations in the city center, on the corner of Váci Street and Régiposta Street.
The property opens from a recently fully renovated stairwell with an elevator. Its two large, bright rooms face Váci Street, and from one of them you can also see the nearby Danube riverbank and the Buda side across the river via Régiposta Street.
The apartment has been owned by the same family for eighty years, who preserved its original features: coffered and stucco ceilings, double doors with cut glass panels, and the original parquet flooring. Its 3.6-meter ceiling height also contributes to its timeless elegance.
Due to its exceptional location and excellent characteristics, it is suitable not only as a residence or office, but also as an investment property.
The property is free of encumbrances and can be taken into possession immediately.
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.
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. As the political, business, and tourist center of the city, the area boasts high demand for both short-term rentals and long-term leases. Its central location, proximity to major landmarks like the Parliament, the Danube, and luxury shopping streets, ensures strong property value retention and potential for appreciation. Additionally, the district’s elegant architecture and excellent public transport make it particularly attractive to international tenants and investors alike.
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.