3-room flat to be refurbished, fourth floor, Exarcheia, Exarchia - Neapoli

Property Code: 7-329. This is not a flat you move into today.
This is not a flat that “just needs a lick of paint”. This is a complete, ground-up rebuild — the exact kind of project that creates serious capital gains.Why? Because you are buying below market in a neighbourhood that is rising fast — right before the biggest urban catalyst of the decade lands: METRO Line 4 – Exarchia Square station, already under construction.
Current Exarchia averages (2025): €2,756 – €3,178 / sqm
You are entering at €1,951 / sqm → instant 20–40 % discount.
Location – The Epicentre of the Transformation
1 minute on foot from Exarchia Square – the most talked-about, fastest-changing urban fabric in Athens.
Heavy infrastructure in progress, new crowds incoming, full neighbourhood upgrade.
The perfect “get in before the reset” play for value investors.
The Property – 82 sqm | 4th Floor | 13 sqm Veranda
Currently tired, dated, and uninhabitable without total renovation.
But it has three killer advantages that are rare in Exarchia: 4th floor with open views + generous 13 sqm veranda – most flats here are low-rise and cramped. Clean façade – excellent natural light and airflow. Classic 1958 layout – high ceilings, big openings, flexible floorplan that can become: 2 bedrooms + large open-plan living 1 master + home office + huge living Signature professional studio/officeA true blank canvas.
What it actually needs (the honest version):
Everything, from zero. Full electrical and plumbing New kitchen and bathroom New doors/windows New floors Possible internal reconfiguration Waterproofing and plaster repairs Façade and veranda refresh
Realistic budget: €800–€1,200 / sqm → €65k–€100k totalThe Investment Math – Crystal Clear
Purchase price: €160,000 (€1,951/sqm)
Renovation (mid-range): ~€90,000
Total invested: €250,000 → €3,050/sqm all-inAfter renovation: a premium 82 sqm, 4th floor with big veranda, 1 minute from the new METRO station.
Current renovated comps in Exarchia: €3,100–€3,200+/sqm and climbing.
→ Built-in equity from day one.
Rental Upside
Post-renovation long/mid-term rent: €900–€1,100/month
Gross yield on total investment: ~5.0–5.5 % – with clear runway for growth once the METRO opens.
Design Vision (what it can become)Open-plan living with island kitchen 2 large bedrooms Minimal concrete + warm wood aesthetic Veranda as second living room Black crittall-style frames, hidden lighting, premium materialsThat 1958 bone structure (high ceilings, solid build) turns into premium product when done right.
The Neighbourhood – Exarchia Reimagined
Universities • National Archaeological Museum • legendary cultural scene • Line 4 METRO station • huge international rental demand • authentic urban vibe.Exarchia is the single hottest central-Athens play for international and local investors right now.
The METRO station is the multiplier.
Bottom line
You are buying the right to transform a blank canvas in the most strategic block of Exarchia — at exactly the right moment.Real investors don’t buy what a property is today.
They buy what it will be.
€160,000 – Exclusive with PANTOU REALTORS

Contact us for a private visit and full legal/technical file.
Opportunities like this don’t linger.
This one is for those who see the future.