Zweizimmerwohnung Renovierung notwendig, zweite Etage, Filopapou, Historisches Zentrum von Athen

Property Code: 7-496.If someone asked you about places in Athens that are not merely described but truly experienced, Ano Petralona would undoubtedly be one of them.In one of the last strongholds of authentic Athenian life, where the streets weave between neoclassical buildings, low-rise homes and the timeless pulse of Filopappou Hill, this cosy 47 sq.m. apartment sits on the second floor of a small apartment building. From its modest balcony, the city pauses for a moment. The view drifts towards the green expanse of Filopappou — a rare, almost cinematic quality for a property in this category and price range.
The Experience of the Space.
The apartment reveals an exceptionally functional and clean layout, offering an ideal base for contemporary redesign: Separate kitchen and bathroom (both with natural ventilation).Wooden flooring in the living area and the separate bedroom.Classic mosaic tiles in the kitchen, bathroom and hallway — a material that is once again becoming a design statement.With an eastern orientation, the apartment enjoys natural light from the early hours of the day. It requires renovation — a blank canvas full of value-adding potential.
The Building & A Different Way of Reading It.
A small building with only 10 owners, offering a low footprint and an almost neighbourly feel. There is no lift, which in practice means zero dependence on common mechanical costs (just €10 per month), less wear and tear, and simpler management. In markets like Petralona, this translates into something very tangible: a cleaner investment yield.
Location: Not Just “Central” — A Way of Life.
In Ano Petralona you don’t simply “live” — you participate.
Mornings begin with coffee on Dimofontos Street. Afternoons lead to the paths of Filopappou Hill. Evenings end at a table that needs no reservation — only the desire to be there. 

From the “Petrina” area to Troon Street, from lemon-tree courtyards to rooftops with Acropolis views, this neighbourhood feels like a parallel Athens: slower, more authentic, more human. And this is exactly what you are buying here.
Investment Analysis (Real Value Layer).Sale Price: €145,000. Price per sq.m.: ~€2,900.Current market in Ano Petralona: average prices range from ~€2,800 – €3,600/sq.m., with renovated small apartments reaching €4,000+/sq.m. This property sits correctly at or slightly below the market median, taking into account the need for renovation.
Scenario 1 – Renovate & Long-Term Rental:
Renovation cost: €15,000 – €25,000.
Potential rent: €650 – €800 per month.
Net yield: 5.4% – 6.6%.
Scenario 2 – Airbnb / Short-Term Rental:
Average daily rate: €65 – €90.
Annual occupancy: 65% – 75%.
Estimated annual revenue: €16,000 – €20,000.
Net yield: 7% – 9%+.

Scenario 3 – Flip / Resale:
Total investment (purchase + renovation): ~€170,000.
Potential resale value: €190,000 – €210,000.
Upside: +€20,000 to €40,000.
In Summary:
This is not just a “small apartment”. It is an entry point via PANTOU REALTORS into one of Athens’ most vibrant micro-markets. It is an asset with multiple exit strategies and a piece of the city that cannot be replicated anymore. In an Athens that is constantly changing, Ano Petralona remains. And whatever remains — gains value.