Land Plot for Sale

A 290 sq.m. plot for sale in Metamorfosi, Attica, in a privileged location with open views even from the ground floor. It features a 16 m frontage, a building coefficient of 1.2 and 40% coverage, while an existing structure is already on the plot. There is development potential for a five-storey residential building up to 17 m in height, offering approximately 350 sq.m. of total buildable area, making it an ideal opportunity for a small apartment building project in an area with strong demand for both sales and rentals in the Northern Athens suburbs. The property is particularly attractive to small developers and residential builders, as Metamorfosi is an emerging value area with strong growth potential and high housing demand. The open views allow for the creation of premium apartments that can achieve higher selling prices and increased investor interest. A typical development scenario includes 4–6 apartments or alternatively 3 large family residences, with the possibility of pilotis and parking spaces. At the same time, the plot is an excellent opportunity for build-to-rent investors who wish to construct a small residential building and retain all units for rental income, targeting stable rents, easy leasing and an estimated yield of 5–7%. Ideal for families seeking a quiet home close to Athens, professionals working in the Northern suburbs and nearby industrial areas, as well as investors looking for strong rental returns. The property is also available for land-for-development (antiparochi).Price: €310.000. Property ID: 2324134. RE/MAX PROPERTIES INVESTMENT, contact phone: 2106896940, email: info@remaxpi.gr, website: www.remaxpi.gr