Investment Concept
An undervalued 1970s studio near the Acropolis, redesigned for the international rental and resale market.
Overview
A 38 m² studio on the third floor of a solid 1970s polykatoikia in Koukaki, one of the most in-demand walkable neighbourhoods of central Athens. The apartment is dated but structurally sound, priced below the street average because of its condition. A focused architectural renovation converts it into a bright, contemporary city apartment with strong appeal to both buyers and short-term guests.
Why This Opportunity
01
Below-market entry
The asking price reflects cosmetic condition, not location — a discount that disappears after renovation.
02
Prime walkable location
Minutes on foot from the Acropolis museum, metro and café streets that anchor rental and resale demand.
03
Two exits, one asset
Renovated studios in Koukaki sell quickly and rent well — the flip carries a rental fallback.
Investment Strategy
The sequence adapts to the asset — this is the proposed path for this opportunity.
Acquire
Negotiate on condition, complete legal and technical due diligence, close.
Redesign
Architectural study, permits and a 3-month renovation with a fixed budget.
Position
Professional staging and photography aimed at international buyers.
Exit
Sell renovated; if the market pauses, rent short-term and sell later.
Key Numbers
All figures are indicative estimates for orientation only. They require verification through due diligence and are not offers or financial advice.
- Acquisition€95,000
- Development / Renovation€45,000
- Fees & Contingency€8,000
- Total Investment€148,000
- Potential Rental Income (/ year)€9,600
- Potential Resale Value€195,000
Estimated Return
≈ 18–25% on invested capital
Timeframe
8–12 months
Exit Options
Resale after renovation (primary) · short-term rental and deferred sale (fallback).
Indicative investment breakdown
Property & Site Information
- Size38 m²
- Floor3rd of 5, with lift
- Built1972, reinforced concrete
- ConditionHabitable, unrenovated
- OrientationSouth-east, balcony
Design Potential
The plan opens the kitchen to the living space, replaces all installations, and introduces a calm material palette — pale plaster, oak, ceramic — that photographs well and positions the studio at the top of its size class.
Risks & Items Requiring Verification
No use or return described here is guaranteed. Legal, planning and technical feasibility must be individually verified before any commitment.
Location
Interactive map available on request — exact locations are shared with qualified investors.
Documents
Available to qualified investors on request:
- Investment brief
- Plans & drawings
- Due diligence summary
- Feasibility study
- Financial analysis
Gallery
Interested in this opportunity?
Request the full investment brief or arrange a conversation — in your language.