An apartment that starts earning two months from now. No construction risk, no renovation, no waiting.

The unit is 65 sqm, 3 rooms, on the 9th floor of the Újbuda Garden development in District XI, Budapest. Living room with open kitchen, two bedrooms, two bathrooms. One has a bathtub, toilet and washbasin, the other has a shower, toilet and washbasin. Balcony 13,75 sqm. Southeast facing, street view with the Buda hills in the distance.

Why this location rents itself. The BME and ELTE university campuses are 5 minutes away. So is Infopark, the largest business and tech hub in Budapest. Tram and bus stops are a few minutes on foot, the Danube bank and Kopaszi-gát park are 5 minutes. Three-room units are the most sought-after rental format in this area, because students and young professionals share them.

What is finished. Premium floor and wall tiles in every room, chosen as an extra above the developer's standard. Premium shower with a premium shower system. Premium bathtub with premium taps. Ceiling heating and cooling, so no radiators and no air conditioning units on the walls. The wiring for electric shutters is in place, the shutters themselves are not installed. Everything else is done. Bring furniture and the apartment is ready to live in or to rent out.

Most similar apartments in this building have a small, separate kitchen behind a door. This one does not have that wall. Redesigned by unique request, the kitchen and the living room form one large space, which makes the same 65 sqm live considerably bigger and rent faster.

Price. The apartment is 129 900 000 HUF. An underground parking space with an electric car charger is mandatory and costs 9 900 000 HUF.

One point worth knowing. Újbuda Garden is classified as a brownfield development, which means Hungarian private individuals who meet the legal conditions can reclaim the 5 percent VAT, almost 5 million HUF, from the Hungarian State Treasury. This applies to the apartment only, not to the parking space, and only before handover. If you buy through a Hungarian private individual or hold Hungarian tax residency, it is worth checking with a lawyer whether you qualify, because it is a meaningful part of the return.

The sale works through a buyer nomination right, so the new buyer signs directly with the developer before handover. 20 percent of the original purchase price has already been paid. The buyer pays the remainder at handover. Happy to walk through the details by phone.

Handover: September.

Selling by the owner.