District VII. , Erzsébetváros
€ 206,500
HUF 83,500,000
4
Rooms
3
Bedrooms
125
Approx sqm
Will you buy this Budapest apartment as an investment? Based on the current condition, features and location of the property find our recommendation 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!
Long Term Rental
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.
7
%
We offer a 125m2 fully renovated and fully equipped flat in Dob utca in the center of the city very close to Oktogon and Andrassy avenue.
The fully furnished flat contains 3 huge bedrooms (23.5, 13, 14 sqm), 2 bathrooms (1 with a separated WC) and one huge 45 Sqm2 south west facing living room. Located on the 3rd and the top floor, the flat stays quiet, sunny and comfortable due to air-conditioning units in 2 of the rooms. This apartment is ideal for investors who are looking for high yield potential (7-8%). Currently, it is rented for long term, there is a possibility to undertake the ongoing contract and customers’ network. It is also possible to rent on short term, as it has in the past.
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.