Budapest XII. kerület, Pethényi út For sale residential area

Building plot with a valid building permit in Budapest's 12th district, where Kissvábhegy meets Istenhegy.

A 1,144 m² corner plot with a semi-detached house to be demolished. The permit covers a three-unit residential building with an underground garage. As an alternative, the plot can also take a single large private villa.

Asking price: HUF 499 M

THE PERMITTED BUILDING
– Apartment A: 147.86 m² net floor area, 22.66 m² terrace, approx. 438 m² garden for exclusive use
– Apartment B: 133.54 m² net floor area, 23.85 m² terrace and balcony, approx. 205 m² garden for exclusive use
– Apartment C: 149.86 m² net floor area on the upper level, 68.15 m² of terraces (including a 57.65 m² roof terrace), plus exclusive use of the entire roof, with approx. 268 m² of walkable roof area
– 431.26 m² net residential area and 114.66 m² of terraces and balconies in total
– 202.61 m² underground garage with 6 spaces: 2 spaces and a private cellar storage unit per apartment

The allocation of use is settled. Of the 690 m² of green space in the plans, the two gardens take the larger share. The remaining approx. 47 m² forms a shared entrance strip. The roof belongs to Apartment C.

All three apartments are close to 150 m². Two come with their own garden, the third with the whole roof. The project is not built on multiplying square metres. It is aimed at buyers who still look for space, a garden and few neighbours in Buda, and are prepared to pay for them. Whether the reduced 5% VAT rate on new homes applies can be assessed on the basis of the usable floor area and the tax conditions of the sale.

THE ALTERNATIVE: A PRIVATE VILLA
A concept design has been prepared for a single large residence with a pool. It comprises a 258.50 m² basement, a 209.00 m² ground floor, a 275.71 m² upper floor and a 192.75 m² basement garage. This is a concept, not a permitted design, and would require its own permit.

ZONING
– plot area: 1,144 m², corner plot
– permitted general floor area: 572 m²
– maximum above-ground site coverage: 25%
– required green space: 60%

THE PLOT TODAY
The semi-detached house on the corner plot has served its era honourably. It no longer features in the plans, and appears to accept this with dignity.

From here, two roads lead on, as they do in better novels: one to three families, the other to a single house. The choice is the buyer's. For one of them, the paperwork is already done.

The permitted plans, floor plans, allocation-of-use drawing, technical documentation and further project details are available after signing a non-disclosure agreement. Viewings by prior appointment.

The value of development land, commercial and residential property can be established by our colleagues to EVS/EBVS European standards. Valuations available on request.