Apartment excellent condition, ground floor, Proastio, Patra

Rare Seaside Whole-Floor Apartment 158 sq.m. – Paralia Proastiou, Patras A unique opportunity combining coastal serenity with urban convenience. For sale: an exceptional 158 sq.m. ground-floor apartment, part of a two-story building, situated on a 410 sq.m. plot in Patras' most sought-after coastal zone. This sun-drenched property, meticulously renovated in 2010, offers the privacy and feel of a detached villa due to its "freestanding" (all-around free) architectural design. Property Features: Living Spaces: 3 spacious Bedrooms (including 1 Master), large living room, functional kitchen with fully integrated appliances, main bathroom, and dedicated areas for a home office, laundry room, and ironing room. Outdoor Living: Private garden, internal courtyard, BBQ area for family gatherings, and expansive verandas with open-view vistas. Comfort & Security: Autonomous oil heating, air conditioning, aluminum window frames with double glazing and insect screens, security door, alarm system, and video door entry. Extras: Fully equipped with electrical appliances and private parking space. Why This is a Top Investment Choice Acquiring this property at €280,000 is not just a home purchase; it is a strategic capital placement for the following reasons: 1. Prime Location: Walking distance to the sea and beach, with immediate access to the University of Patras, the Suburban Railway (Metro), public transport, and the National Highway. 2. High Rental Demand: Due to its proximity to the University and the city center, the property can generate stable monthly income, either as a premium residence for executives/academics or by being partitioned into smaller units. 3. Land Appreciation: Paralia Proastiou is a "high-demand" area with steadily rising land values. A 158 sq.m. residence on a 410 sq.m. plot is a rare asset for this district. 4. Ready-to-use: The property is in excellent condition, freshly painted and fully equipped, ensuring zero downtime for immediate occupancy or rental exploitation. Ideal for families seeking quality of life or investors targeting high returns.* Investment Documentation & Value Analysis 1. Strategic Price per Square Meter The selling price is €1,772/sq.m. (€280,000 / 158 sq.m.). The Comparison: In the greater Patras area, the average price for renovated apartments in 2026 is approximately €1,700 - €1,850/sq.m. In seaside zones like Paralia Proastiou, prices often exceed €2,000/sq.m. due to the scarcity of available plots. The Advantage: You are not just buying living space; you are acquiring a significant share of a 410 sq.m. plot, providing substantial added value compared to standard apartments. 2. Yield Analysis Monthly Income: A whole-floor apartment of this caliber can be leased for approximately €1,250/month (2026 rental rates). Annual Return: The Gross Yield reaches 5.4%. If a conversion strategy into two smaller apartments is chosen, the yield can climb to 6% - 7.5%. Given the market's 6% - 8% annual growth rate, capital amortization is projected to be rapid. 3. Low Risk & High Liquidity "Blue Chip" Location: Paralia Proastiou is considered the "showcase" of northern Patras, maintaining its value even during market fluctuations. 2026 Infrastructure: With the completion of coastal redevelopment projects and Suburban Railway upgrades, accessibility is seamless, attracting corporate executives and scholars. 4. Asset Quality This is a "Ready-to-Move-In" property. With construction and renovation costs having surged, this fully renovated and equipped home saves the buyer at least €40,000 - €50.000 in immediate upgrade expenses. Summary: "You are purchasing a property at its **Fair Market Value**, but with premium features (garden, BBQ, whole-floor privacy, parking) that place it in the luxury category. The proximity to the coast and the University ensures your capital is secure and immediately productive." Price: €280,000 KW West Contact Phone: +30 2610 222333 Email: kwwest@kwgreece.gr