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

RENOVATED STUDIO WITH A SEPARATE KITCHEN BESIDE THE BOTANICAL GARDEN – AN EXCELLENT FIRST HOME OR RENTAL OPPORTUNITY

In a well-chosen compact apartment, every square metre matters – and so does the neighbourhood around it.

Located on Illés Street in Budapest’s District VIII, beside the Füvészkert Botanical Garden, this renovated, 26 m², second-floor studio offers a practical layout and convenient access to nearby universities. It is an appealing choice for both homebuyers and those considering a long-term rental property.

The renovation covered several important technical features as well as the apartment’s appearance:

– Renewed electrical wiring;
– Newly installed windows and doors;
– New flooring and tiling;
– Renovated bathroom with a shower;
– New electric water heater.

Light-coloured walls, wood-effect flooring and a neutral palette provide an attractive, versatile setting that is easy to furnish and personalise.

A key advantage is the separate kitchen. Cooking and entrance functions are kept apart from the main room, allowing the living space to be dedicated to relaxing and everyday life. The bathroom includes a shower, toilet and space for a washing machine. The apartment faces northwest, with its window overlooking the internal courtyard.

Its manageable 26 m² footprint makes this an easy home to maintain, well suited to an individual or a couple. It could also work particularly well for a university student or someone working in Budapest. Parents looking to purchase accommodation for a child studying in the city may appreciate its location and potential for future rental use.

The neighbourhood is one of the property’s strongest advantages. The nearby Füvészkert Botanical Garden brings a distinctive character to the area, while Orczy Park and the surroundings of the Ludovika Campus offer opportunities for walking, outdoor recreation and exercise.

Semmelweis University’s clinics and teaching facilities are nearby, as is the Ludovika Campus of the University of Public Service. This makes the location attractive to students, young professionals and people working in education or healthcare. The combination of renovated interiors, a practical size and proximity to these institutions provides a favourable basis for long-term letting.

Everyday amenities are also conveniently accessible. Alongside local shops, the nearby Corvin Quarter and Corvin Plaza offer a broad selection of shopping, dining and services. Grocery stores, pharmacies, cafés and restaurants make everyday city living convenient.

Public transport provides connections in several directions. The Semmelweis Klinikák and Nagyvárad tér stations on metro line M3, together with bus and trolleybus services along Baross Street, connect the area with central Budapest and other parts of the city. The location is a practical choice for commuting, studying and running daily errands without a car.

The building itself requires renovation. Its shared areas are kept clean and orderly, several apartments have already been refurbished, and the owners’ association is collecting funds for future building improvements.

The monthly common charge is HUF 17,900, of which HUF 10,000 is allocated to the renovation fund. The remaining portion is HUF 7,900. These contributions therefore also help build the financial resources for the building’s future renovation.

First-time buyers, including those considering Hungary’s Otthon Start programme, may also wish to view the property. Access to subsidised financing is subject to the programme’s eligibility requirements and the lender’s assessment.

The owner has already repaid the previously registered loan. Removal of the associated encumbrances from the property register is pending.

Renovated interiors, a separate kitchen, nearby universities and flexible use – a compact Budapest home beside the Botanical Garden.

Please contact us for further information or to arrange a viewing.