Budapest XII. kerület, Németvölgy For sale brick apartment

RARE RENOVATION OPPORTUNITY IN BUDAPEST’S PRESTIGIOUS 12TH DISTRICT – 79 SQM, SOUTH-FACING, EXCELLENT VALUE-ADDING POTENTIAL

A 79 sqm, fourth-floor period apartment is offered for sale in one of the most desirable and value-retaining areas of Budapest’s 12th District, close to the intersection of Alkotás Street and Nagyenyed Street.

The apartment currently consists of two generously sized rooms and a central hall. It requires complete renovation, which gives its future owner the opportunity to redesign the entire property according to their own needs and create either an outstanding private residence or a highly marketable long-term investment.

While the current layout is already spacious, the property’s greatest advantage lies in its exceptional flexibility. Thanks to its generous floor area, favourable proportions and adaptable internal walls, several modern floor-plan concepts can be considered.

Possible layout options include:

* an open-plan kitchen, living and dining area with two separate bedrooms;
* a spacious living room, comfortable master bedroom and a study or guest room;
* three, or with the right design potentially even four, individually usable rooms;
* several separately accessible bedrooms with a shared kitchen and dining area for investment purposes;
* an enlarged bathroom, a separate utility room and practical built-in storage.

The apartment has a desirable southern orientation, with its windows facing Nagyenyed Street, providing good natural light throughout the day.

The current layout comprises two large rooms, a hall, a separate kitchen, a bathroom, a separate toilet, an entrance hall, a pantry and an additional storage area.

Heating is provided by the building’s central heating system, while domestic hot water is supplied by an electric boiler.

THE BUILDING

The apartment is located on the fourth floor of a distinctive period residential building with considerable architectural character.

The condominium is well managed and financially stable, with an excellent residential community. A new lift has recently been installed, and the building is undergoing continuous maintenance and gradual renovation.

The condominium collects an increased renovation reserve, providing a secure financial basis for the building’s long-term maintenance and further improvements.

A LOCATION THAT RETAINS ITS VALUE

Budapest’s 12th District is widely regarded as one of the city’s most prestigious, liveable and value-retaining residential areas. Its unique appeal lies in the combination of the green and peaceful atmosphere of the Buda Hills with fast and convenient access to the city centre.

Déli Railway Station, the M2 metro line, tram services and numerous bus routes are all within a few minutes’ walk. Széll Kálmán Square, central Budapest and the major destinations of Buda can therefore be reached quickly and conveniently.

The nearby Vérmező and Városmajor parks offer excellent opportunities for walking, relaxation and outdoor activities. Shops, markets, shopping facilities, restaurants, cafés, healthcare services, sports facilities and reputable educational institutions are also easily accessible.

The location offers an excellent balance of urban convenience, outstanding public transport and the quality of life traditionally associated with Buda. These features make the property equally attractive as a private residence, a long-term rental investment or a value-adding renovation project.

WHY IS THIS PROPERTY A SPECIAL OPPORTUNITY?

Apartments of this size, with such extensive redesign potential and attractive pricing, rarely become available in the 12th District.

The asking price realistically reflects the property’s current condition. Following a carefully planned renovation, however, it could be transformed into a substantially more valuable and highly desirable contemporary Buda home.

This property is not intended for buyers looking for a finished apartment requiring no further work. It represents an exceptional opportunity for those who recognise the genuine potential offered by its location, 79 sqm floor area, southern orientation and flexible layout.

The property is free of liens and encumbrances.

It is an excellent choice as a private home, a value-adding renovation project, a long-term investment or a property redesigned specifically for rental purposes.

Several alternative floor-plan concepts are available to demonstrate the apartment’s potential.

Please contact me for further information or to arrange a private viewing.