Budapest XXI. kerület, Völgy utca For sale panel apartment

5-room apartment awaits its new owner in the quiet, central area of Csepel now at 1 million HUF per sqm!

Located in Budapest with a downtown orientation (MÜPA, Lurdi, Boráros – about 15 minutes away), still affordable compared to downtown prices, along a major public transport route, with an excellent location on the border of Csepel-Erdőalja, at the beginning of Völgy Street – in a popular garden suburb environment – this 5-room, 83 sqm high-ground floor apartment in a 4-story modern panel building is for sale with reasonable utility costs.

The apartment is sold by the first owner (1/1), free of liens, encumbrances, mortgages, loans, debts, and arrears. Built in 1983, with a real area of 83.84 + 4.08 sqm (high-ground floor), it is currently undergoing partial renovation. It consists of 5 separately accessible rooms, is fully equipped, with a relatively large, bright kitchen and rooms. It has a balcony and rooms overlooking a park. The windows have shutters, and each window can be independently tilted and opened.

Check out our photo gallery and virtual tour video to see how this apartment could look in a modern, youthful style according to the interior designer’s vision, and imagine your own style! I can only provide the walls :) No furnishings are included with the property! The virtual animation video shows the apartment’s interior in daylight conditions at the spring equinox around 2 p.m., featuring the architect’s furniture ideas.

The apartment is suitable for private use as a multi-generational home since each generation can maintain privacy with separate entrances – grandparents, parents, and children can each have their own living space. It also offers a separate area for teenage children to start gaining independence. Additionally, it is ideal for large families with 3-4 children (CSOK eligible), as every child can have their own domain.

The apartment can also be used as an office (for example, a law office, dental practice, or beauty salon), as all necessary social facilities can be arranged with separate entrances.

Ongoing renovations inside the apartment mean constant updates, which I keep up to date here. These works usually cause surprise expenses, so only predictable and planned finishing works remain.

FINISHING TASKS TO BE COMPLETED BY THE BUYER (approximately 5 million HUF if all done by professionals, already deducted from the sale price – making it that much cheaper):
- Kitchen complete installation: 1,500,000 – 2,000,000 HUF depending on preferences
- Replacement of interior standard doors: 500,000 – 1,000,000 HUF depending on preferences
- Entrance door HiSec: 370,000 HUF including installation
- Wall and ceiling painting: 1,250,000 HUF including priming, two layers of putty, two sanding sessions, two coats of paint + 500,000 HUF material cost
- Flooring installation: 500,000 HUF
- Sanitary work: all materials available, tiling 200,000 HUF, grouting 40,000 HUF

Prefer a turnkey apartment with no hassle? For an additional cost, we can handle anything before handover—just share your ideas. Estimated value after renovation based on location and environment: 98M–100M HUF, so it’s worth it for you.

Windows were previously replaced with plastic ones, well sealed and maintained. Radiators were also replaced with Viking models, which can be bled, are aesthetic, and much easier to clean. Each can be removed individually without draining the central water.

An energy certificate and electrical safety inspection report will be provided at sale, based on the original construction status, with a PASS rating according to the standards and regulations in force at that time.

The condominium’s water and sewage systems have been renovated, entrance doors, stairwell windows, and linoleum are new. The condo has no significant debt (the housing savings plan switched back at the end of summer). The condo has a capital reserve of 11.1 million HUF. Outstanding common charges are minimal. The building has mechanical insurance, with discounted supplementary insurance available. There are 56 apartments in total in 4 staircases (4 x 14 units). The owners’ meeting plans to join the panel renovation program within 3 years in several phases (cost increases possible).

The apartment includes a rented 10 sqm cellar space (200 HUF/sqm/month, covering ancillary costs such as lighting), which can be expanded or waived on request.

Thanks to its ground-floor location, the apartment is free from the heat-trap effect typical of panel buildings, with tolerable year-round temperatures and cross ventilation from north to south. Due to its orientation and position, air conditioning is not urgently needed; however, if desired, a multisplit system with one outdoor unit (which can be installed on the balcony’s inner side without a permit) and three indoor units can cool the apartment, requiring a maximum of 16A power.

This panel apartment size is the largest available in Hungary, with only 20 built nationwide. Due to its special size, it is only available as a ground-floor unit.

Balcony room: 22 sqm (under full renovation)
Balcony: 4 sqm (under renovation)
L-shaped room: 12 sqm (2016 – habitable, awaiting aesthetic upgrade, carpet professionally cleaned)
Rear small room: 7 sqm (2016 – habitable)
Long small room: 11 sqm (2016 – habitable, with new modern built-in wardrobe with 16 drawers and 8 doors)
Front small room: 6 sqm (habitable, awaiting aesthetic upgrade)
Front connecting room (wardrobe): 4 sqm
Rear connecting room (wardrobe): 2 sqm
Kitchen: 8 sqm, expandable at the expense of the hallway (13 sqm) (original condition – retro 70s style)
Bathroom: 170 x 160 cm (under full renovation)
Toilet: 80 x 100 cm (under full renovation)

Transportation: direct HÉV connection to downtown in 20 minutes (HÉV station 520 meters on foot, frequency 6-10 minutes, travel time 13 minutes), nursery, kindergarten, school (Herman Ottó), pharmacy, SPAR supermarket, tobacco shop, bakery, confectionery, various shops, all kinds of parcel lockers (e.g., Exo, Alza) within 5 minutes on foot, health clinic, plaza, market within 10 minutes by foot or direct bus from home to destination. Bus stops for lines 35 and 36 are visible from the kitchen window within 50 meters. Bus stop 159 is at the street entrance. Dog walking and sports opportunities are also nearby in a way that does not disturb anyone. TESCO is an 18-minute walk or 3 minutes by car. On request, the Roman Catholic church is a 3-minute walk; Reformed and Evangelical churches are 3 bus stops away. The most active ethnic community in Csepel is the Swabian, with regular programs for all ages. Along bus line 36 – without transfers – German ethnic kindergarten, school, and high school are accessible almost door to door within 10 minutes. Ukrainian ethnic primary and secondary schools are 3 bus stops away door to door.

Parking: free on the street (front and back)
Orientation: (S-W, N-E) dual-sided
Ceiling height: 2.65 m
Gas: none
Electricity: 35A/46A, single phase, PEN, 2 circuit breakers (with FI-relay) installed
Stove: electric, 25A, single phase – 4-zone glass-ceramic cooktop is new with 2-year spare parts warranty
Water: district heating hot water
Heating: district heating (central)
Estimated heating cost in the coldest month including hot water: under 27,000 HUF (213 cubic meters)

The apartment is owner-occupied, expected handover within 3 months.

Contact me with confidence to arrange a viewing!