Budapest VIII. kerület, Kisfaludy utca For sale brick apartment

Bright 68 m² apartment with 2 large, independently accessible rooms next to the Corvin Quarter

For sale in the Corvin Quarter, at the corner of Kisfaludy Street and Práter Street, right by the entrance to Corvin Plaza: a bright, well-laid-out 68 m² apartment with two large, almost equally sized, independently accessible rooms, located on the 4th floor of a building with an elevator.

One of the apartment's main advantages is its two spacious, south-facing rooms overlooking Práter Street. Thanks to the exceptionally large windows and the 4th-floor location, both rooms receive plenty of natural light. The windows are modern PVC windows fitted with shutters.

The apartment is currently vacant, has just been freshly painted and professionally cleaned, and is available for immediate possession. It is preferably sold fully furnished and equipped as shown in the photos.

THE APARTMENT

The 68 m² apartment has the following layout:

• 2 large, almost equally sized, independently accessible rooms
• central dining area or smaller living room
• separate kitchen
• bathroom with toilet

The two large rooms are completely independent from each other, meaning neither has to be crossed to access the other. This makes the layout particularly practical both for owner-occupiers and for rental purposes.

Both rooms are south-facing and overlook Práter Street. Their large windows provide plenty of natural light throughout the day. The separate kitchen faces the building's internal courtyard and corridor.

The apartment has high ceilings, creating a spacious and airy feel.

The property underwent a comprehensive renovation approximately 6 years ago. The flooring remains in good condition, the external windows are modern PVC units, and the attractive internal doors have been carefully refurbished. The apartment also has a modern electrical distribution board with multiple circuits.

The entire apartment was freshly painted just a few days ago and professionally cleaned afterwards, so it is currently in clean, excellent condition and ready for immediate use.

Air conditioning provides additional comfort.

The apartment has individual gas central heating with radiators. Approximately one year ago, the previous boiler was replaced with a new Immergas Victrix Tera V2 28 EU condensing combi gas boiler. The radiators are conventional panel radiators in good condition.

Running costs are favourable. The monthly common charge is HUF 20,400. Gas consumption has also been low under previous usage, even when maintaining the apartment at approximately 22°C.

PROVEN RENTAL PROPERTY

The apartment works equally well as a private home or as an investment property.

It has been continuously rented out for approximately the past 6 years, primarily to international university students. The most recent rental rate was EUR 900 per month.

There is currently concrete tenant interest at a rental rate of HUF 400,000 per month, meaning that, if purchased as an investment, the apartment could potentially be rented out again within a short period of time.

The two large, similarly sized and independently accessible rooms are particularly advantageous for rental purposes, as two tenants can use them independently while sharing the central dining area and separate kitchen.

The apartment is being sold furnished, equipped with appliances and fully set up, so an investor would not need to purchase an entire new set of furnishings before renting it out again.

LOCATION

The apartment is located in Budapest's District VIII, in the Corvin Quarter, at the corner of Kisfaludy Street and Práter Street.

The entrance to Corvin Plaza is less than a one-minute walk away. Corvin-negyed station on Metro Line M3, as well as tram lines 4 and 6, can be reached within a few minutes on foot.

Virtually everything needed for everyday life is available in the immediate area, including supermarkets, shops, restaurants, cafés, services and excellent public transport connections.

Budapest city centre can be reached quickly and easily, while several universities are located in or close to the area, making the location particularly attractive from a rental perspective as well.

THE BUILDING

The apartment is located on the 4th floor of a classic 5-storey Budapest residential building, meaning it is not on the top floor and there is one residential level above it.

The building has an elevator, which has been renovated. The interior common areas of the building are in average condition.

FURNITURE AND EQUIPMENT

The apartment is preferably sold with the complete furniture and equipment shown in the photos.

The equipment includes, among other items:

• washing machine
• dishwasher
• electric cooker
• refrigerator
• microwave oven
• complete kitchen equipment
• vacuum cleaner
• clothes drying rack
• iron and ironing board

For an owner-occupier, the apartment is therefore essentially ready to move into immediately. For an investor, it can be rented out again without the need for significant preparation.

As a private home, it is particularly suitable for a couple, anyone looking for a separate home office, or a small family. For investors, the independently accessible rooms, furnished condition, proven rental history and central Corvin Quarter location are particular advantages.

The apartment is currently vacant and is available for immediate possession.

Viewings are available flexibly by prior appointment.

Asking price: HUF 89.5 million

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