Budapest XIV. kerület, Istvánmező For sale brick apartment

Renovation Opportunity in Zugló, Close to City Park and Budapest City Centre

Located in Budapest’s District XIV, in a well-connected and sought-after residential area close to City Park (Városliget), this 85 m² raised-ground-floor apartment with two terraces offers an excellent opportunity for renovation and transformation into a stylish city home. One of the key advantages of the location is its combination of a pleasant, green urban environment with quick and convenient access to Budapest city centre, both by car and public transport.

The apartment is situated in a modernist residential building dating from 1940, with distinctive Art Deco influences, which is now part of Zugló’s protected architectural heritage. The building also has an interesting history: from the 1940s, it was home to Lajos Visy, a high-ranking military officer, whose father-in-law was the renowned Hungarian sculptor Zsigmond Kisfaludi Strobl.

The property offers excellent potential to create an elegant home tailored to contemporary living, with a spacious living room, separate kitchen, two bedrooms and two bathrooms. A particularly rare feature is its two terraces with a combined area of 17 m², adding valuable outdoor space to this city apartment.

The current monthly common charge is HUF 60,000, including heating and water consumption, as well as a HUF 10,000 monthly contribution to the building’s renovation fund. With the modernisation of the heating system, these costs are expected to be reduced significantly in the future. The property’s legal ownership status is clear and settled.

The proximity of City Park, easy access to the city centre, excellent transport connections, the architectural character of the building and the apartment’s considerable renovation potential combine to make this a particularly attractive property. It represents an appealing opportunity both as a private residence and as a long-term investment.

Envision your new home in this unique apartment – come and see it in person and discover its full potential.