Budapest XIII. kerület, Angyalföld - Lőportárdűlő For sale brick apartment

# ATTENTION INVESTORS AND BUYERS LOOKING FOR A VALUE-ADDING PROJECT!

## 71 SQM | BALCONY | 2 ROOMS | 1ST FLOOR | LEHEL MARKET | HUF 80 MILLION

**Some properties are not about what they are today, but about what they can become.**

We are offering for sale a **71 sqm, two-room apartment with a balcony**, located on the first floor of a building with an elevator, in one of the most sought-after and well-connected areas of District XIII, **right next to Lehel Market**.

The apartment is currently in need of renovation, making it particularly attractive to buyers who are not simply looking for a ready-made property, but rather for an opportunity to **create value according to their own vision**.

The **71 sqm floor area, balcony, first-floor location and, above all, the excellent location** provide a strong foundation for a well-planned renovation project.

---

# WHAT IS ALREADY DONE – AND WHAT YOU CAN BUILD ON

Although the apartment requires renovation, several important technical improvements have **already been completed**.

Over the past **two years, approximately HUF 5 million has been invested in upgrading the heating system**, including:

* **replacement of the boiler,**
* **modernisation of the heating network,**
* installation of a **new security entrance door.**

This means that not every technical aspect of the renovation needs to be started from scratch.

The next step is up to the new owner: **reimagining the interior spaces, optimising the layout and design, and creating a modern apartment tailored to today's expectations.**

---

# A LOCATION THAT SPEAKS FOR ITSELF

The apartment is located **right next to Lehel Market**.

Within just a few minutes, you can reach:

**• Lehel Market**
**• M3 metro – Lehel tér station**
**• Westend Shopping Centre**
**• shops, restaurants and various services**
**• excellent public transport connections**

This is a location where the infrastructure needed for everyday city life is practically right outside your door.

The location is highly convenient for private use, while the excellent transport connections and wide range of nearby services can also make the property attractive for **long-term rental purposes**.

---

# MORE THAN JUST AN APARTMENT – A RENOVATION PROJECT

The **71 sqm floor area** offers considerable flexibility when it comes to redesigning the property.

The current two-room layout can be rethought during the renovation, allowing the apartment to be **tailored to the needs of its future target market**.

Depending on the concept and the technical possibilities, it could become:

**• a modern city home,**
**• an apartment optimised for long-term rental,**
**• a higher-end investment property,**
**• or a spacious urban home designed for personal use.**

Naturally, any potential layout changes and renovation plans should be developed with the property's technical and condominium regulations, as well as all applicable legal requirements, in mind.

---

# THE INVESTMENT MATH – LET'S LOOK AT THE NUMBERS!

**Purchase price: HUF 80,000,000**

Assuming a renovation budget of approximately **HUF 16,000,000**:

**HUF 80 million purchase price**
**+ HUF 16 million renovation**
**= approx. HUF 96 million total investment**

Based on the 71 sqm floor area, this represents an estimated **total acquisition and renovation cost of approximately HUF 1.35 million per sqm**.

For a rental investment, a separate rental-market calculation should be carried out depending on the final quality of the renovation, the resulting layout and current market conditions.

Based on previous market comparisons, a properly renovated apartment of a similar size in District XIII could potentially achieve an asking rental price of approximately **HUF 380,000–390,000 per month**.

This would correspond to approximately **HUF 4.6 million in gross annual rental income**.

Please note that these figures **do not represent a guaranteed return**. The actual rental income and return on investment will depend, among other factors, on the quality of the renovation, the final layout, current rental-market conditions, vacancy periods, maintenance costs and taxation.

---

# THE BUILDING IS ALSO UNDERGOING IMPROVEMENTS

The property is located on the **first floor of a building with an elevator**.

The condominium has a renovation fund, and improvements to the common areas are already underway:

**renovation of the internal corridors/galleries has begun.**

The monthly common charges are **HUF 52,000**, which include, among other things:

* the renovation fund,
* water usage,
* waste collection,
* maintenance of the staircase/common areas.

---

# WHY IS IT WORTH SEEING?

** 71 sqm floor area**
** 2 rooms**
** Balcony**
** 1st floor**
** Elevator**
** Right next to Lehel Market**
** M3 metro and Westend within a few minutes' walk**
** Renovation opportunity with flexible interior possibilities**
** Approximately HUF 5 million invested in boiler and heating-system upgrades over the past 2 years**
** New security entrance door**
** Ongoing improvements to the condominium**
** Strong potential for value-adding renovation**

---

# YOU DON'T HAVE TO MANAGE THE RENOVATION ALONE

If you see the potential in the property but would rather not manage the entire renovation project yourself, **we can assist with that as well.**

From developing the concept and interior layout to **organising and coordinating the renovation works**, we can provide assistance throughout the process.

The goal is not simply to create a "beautifully renovated apartment", but to develop a property where **the location, layout, technical specifications and overall appearance work together to create a marketable and desirable asset.**

---

## KEY PROPERTY DETAILS

**Floor area:** 71 sqm
**Rooms:** 2
**Floor:** 1st
**Elevator:** Yes
**Balcony:** Yes
**Condition:** In need of renovation
**Monthly common charges:** HUF 52,000
**Asking price:** **HUF 80,000,000**

**Unencumbered | Eligible for financing | No transfer tax payable**

---

# 71 SQM. BALCONY. LEHEL MARKET. HUF 80 MILLION.

**A spacious first-floor apartment in an excellent District XIII location – interesting not because it is finished, but because of the potential it offers.**

If you are looking for a **value-adding renovation project, a long-term investment opportunity, or a spacious urban home tailored to your own needs**, this property is certainly worth seeing in person.

**For further information or to arrange a viewing, please feel free to contact me.**