Budapest VIII. kerület, Józsefváros - Magdolnanegyed For sale brick apartment

One-room, ground-floor apartment with nearly 4-metre-high ceilings, in need of renovation, for sale in the Magdolna Quarter

This FULLY RENOVATION-REQUIRED apartment, offering distinctive features and excellent potential, is looking for a new owner with vision and creativity in the regenerated part of Budapest’s District VIII.

! ! ! THE LISTING ALSO INCLUDES VISUALISATIONS AND PROPOSED RENOVATION PLANS ! ! !

LOCATION AND TRANSPORT:
- The property is located on Szigetvári Street in District VIII.
- Contrary to the area’s former reputation, the neighbourhood is quiet and offers excellent infrastructure.
- Public transport connections are convenient. Bus 9, for example, provides direct access from Kőbánya through several major city-centre transport hubs all the way to Óbuda.
- Several kindergartens, primary and secondary schools—including Fazekas Mihály Secondary School—and the Faculty of Information Technology of Pázmány Péter Catholic University are located within a 15-minute walk.

THE BUILDING:
- The apartment is situated in an average-condition, brick-built condominium constructed in 1885, comprising 32 apartments.
- Several improvements have been completed over the past five years, including repainting the street-facing façade, replastering and repainting the stairwell, and partially renovating the main wastewater pipes.
- The building’s electrical network is expected to be modernised within the next one to two years, and the condominium has already obtained a specific quotation for the work.
- The residential community is well maintained and respectful. Most of the apartments are owned by foreign private individuals.

ABOUT THE APARTMENT:
- The ground-floor apartment has a floor area of 53 m² and comprises one room with a sleeping alcove. It requires complete renovation.
- Its current layout includes a kitchen and dining area, a living room with a sleeping alcove, and a bathroom with a toilet.
- The apartment does not meet modern-day expectations in its present condition; a full renovation is required.
- The ceiling height is 3.8 metres, and the apartment has a north-eastern orientation.
- Heating is provided by a gas convector installed a few years ago, while hot water is supplied by an electric boiler.
- The windows have recently installed plastic frames.
- The common charges amount to HUF 11,900 per month, including the building’s renovation fund contribution.
- The energy performance certificate is currently being prepared. The listing will be updated as soon as it becomes available.

THE PROPERTY CAN BE VIEWED:
- in person;
- via a live online viewing by prior appointment.

WE ALSO ASSIST WITH FINANCING—INCLUDING FULL ONLINE ADMINISTRATION:
- Our independent mortgage centre compares offers from all banks and financial institutions completely free of charge.
- All you need to do is speak with one of our colleagues and select the most suitable long-term solution from the competing offers.
- Our specialists offer 20 years of professional experience, personalised and consumer-friendly mortgage solutions, family support loans, and comprehensive assistance with the CSOK Plus and Otthon Start programmes.
- Appointments outside normal business hours are also available upon request.

If you are looking for a well-located apartment with excellent potential, this property is certainly worth viewing in person.

! ! ! THE LISTING ALSO INCLUDES VISUALISATIONS AND PROPOSED RENOVATION PLANS ! ! !