Loft first floor, Votanikos, Gazi - Metaxourgio - Votanikos

Property Code: 7-331. 
Some markets charge you for square metres.
Others charge you for entry into a neighbourhood on the rise.
This loft in Votanikos is firmly the second: an open-plan, bright 80 sqm created through a legal change of use (from storage to residential), with an active short-term rental licence (AMA) and a price that is genuinely RARE in today’s Athens.
Sale price: €110,000 (non-negotiable) → €1,375/sqm
A TRUE entry-level ticket that leaves real room for yield and future appreciation – especially as the massive Double Regeneration projects in Elaionas–Votanikos accelerate.
The Space – Pure Loft Vibe80 sqm completely open-plan (no internal partitions) – raw industrial-urban feel Elevated 1st floor (feels like a 2nd due to half-level) in a 4-storey professional building (1990) with commercial lift Ceiling height ~2.20 m – cosy, intimate, perfect for loft livingDelivered ConditionVery good overall – refreshed in 2022, with 2025 bathroom upgrade (walk-in shower, sanitary ware, Geberit concealed cistern) Tiled floors Powerful Sanyo 24,000 BTU A/C (no central heating) Electric water heater Fibre optic to the building Aluminium single-glazed frames (room for future energy upgrade) Natural gas pre-installationFurnished and Equipped
Hitachi fridge | Davoline washer | United TV | 2 microwaves (Alaska/United)
Why Now? – The Area Is Shifting Gear
Votanikos/Elaionas is at the epicentre of the Double Regeneration: new stadium, infrastructure, and a 215-acre metropolitan park (part of 260 total) with thousands of new trees and a ~950 sqm lake.
Current broader Gazi–Metaxourgio–Votanikos averages (Nov 2025): **€3,387/sqm**
This isn’t “Votanikos = Gazi” yet – but the discount is MASSIVE.
Mini Investment ScenariosLong-Term Rental
Previously let at €550+/month (professional use)
Gross annual: €6,600 → ≈ 6.0 % gross yield on €110k Short-Term (Active AMA)
Realistic €80/night10 nights/month → €9,600/year (~8.7 %) 15 nights → €14,400 (~13.1 %) 20 nights → €19,200 (~17.5 %)
(Gross, before costs/commissions/taxes – shows the ceiling)Split into 2 Studios
Open layout allows (with proper engineering/permits) conversion to two independent mini-units – double rental flexibility, lower vacancy risk“My Home II” Programme Note
The property may qualify for the “My Home II” scheme, subject to the buyer meeting personal criteria and property limits (value/sqm/age, etc., as officially defined).
Bottom Line
If you’re after a loft with instant income potential or a smart asset in a rising zone at a low entry price, this is one of those rare finds:
80 sqm • Active short-term licence • Furnished • Good condition • €110,000 (fixed)Contact PANTOU REALTORS – opportunities like this don’t appear often.
Your Votanikos move starts here.