Budapest VI. kerület, Teréz körút For sale brick apartment

Budapest District VI, Teréz körút – two separate apartments, one title, an outstanding investment opportunity between Oktogon and Nyugati tér

We are offering for sale a property at Teréz körút 28, on one of the most sought-after stretches of Budapest’s District VI. It has a total floor area of 75 m² and consists of two apartments, each with its own entrance, which makes it an exceptional opportunity for investors and anyone building an urban property portfolio. The two apartments are registered under a single land registry number, yet each can be used and let out completely independently, giving the property a double income potential.

THE NEIGHBOURHOOD:

The property is superbly located between Oktogon and Nyugati tér, in one of the liveliest and best-served urban areas of Budapest. The local infrastructure is excellent, with everything needed for daily life within easy reach: services, shops, restaurants, cafés, pharmacies and shopping options. Transport links are unrivalled, with several metro, tram and bus lines providing fast connections to every part of the city.

Andrássy út is nearby, along with numerous cultural venues, theatres, cinemas and galleries, as well as major shopping centres. As a result, the location is ideal not only to live in but also guarantees continuous, stable rental demand. The vibrant nightlife, the nearby universities and the city-centre lifestyle make the property especially attractive to young people, university students and international tenants alike.

THE BUILDING:

The condominium is well kept, in good condition and on a particularly stable financial footing. This is greatly strengthened by the busy SPAR supermarket on the ground floor, which brings the building regular income and tangible benefits. The building has a working lift and ongoing renovations, and a considerate, well-mannered community of residents. The overall condition and atmosphere of the building are very good.

This combination of a building with a stable income base, an orderly community and good maintenance makes for a secure long-term environment, from both an owner’s and an investor’s point of view.

THE PROPERTY – TWO APARTMENTS, ONE INVESTMENT:

The property is on the 4th (top) floor, accessible by lift, with entrances opening from the open-air gallery corridor. The 75 m² unit has been divided into two fully separate apartments, each with its own entrance. In both apartments, large standing-height mezzanines add roughly 20 m² of usable space in total. The entire property underwent a full technical and aesthetic renovation 4–5 years ago, with all wiring, finishes and fittings modernised.

The larger apartment:

The larger apartment functions as a 2-room home. To the right of the entrance is a spacious, bright room that serves as the living room, with a mezzanine above it that works perfectly as a bedroom. Opposite the entrance is a large bathroom with a bathtub, washbasin and toilet. Next to it is a separate guest WC. Both rooms have windows and natural light.

To the left is the spacious kitchen-dining area, which comfortably seats up to 6 people. The kitchen is fully equipped with all the necessary appliances, household items and storage. Above the kitchen there is another mezzanine, currently used as a bedroom, which could also serve as a guest room or study. A second bathroom with a shower opens from the kitchen, a rare and very practical feature.

The smaller apartment:

The smaller apartment has a room, a kitchen, a bathroom and a mezzanine. Its interior is cosy, modern and very well designed. The mezzanine holds a comfortable double bed. Downstairs there is a bright living room with a sofa bed, a work and dining corner, and an entrance hall. Large windows make the apartment light and welcoming.

The kitchen is fully fitted with appliances and all the necessary equipment. The shower room has a washbasin, a toilet and a window for natural ventilation. The apartment is ideal for 1–2 people, including for longer-term rental.

TECHNICAL FEATURES AND COMFORT:

Both apartments have electric heating, which is economical and easy to control. In addition to the heating panels, every room has an air-conditioning unit for both heating and cooling, so the indoor temperature stays comfortable in winter and in the summer cooling season alike. The property is surrounded by heated units, with further apartments in the loft above, which helps keep utility costs low. Thanks to their top-floor position, the apartments are notably bright even though they face the courtyard.

INVESTMENT POTENTIAL:

The property is an outstanding investment opportunity. The two apartments can be let separately or at the same time, either as long-term rentals or as mid-term lets to university students and young professionals. Based on the location, layout and condition, a combined income of EUR 2,000–2,500 per month is realistic and stable, which means an excellent yield relative to the asking price.

Asking price: HUF 129,900,000
Yield: 7.4% – 9.2%
Payback period: 10–12 years

All furniture and equipment can be purchased by agreement, so the new owner can have an income-generating property straight away with no further investment.