Studio à vendre, Metaxourgeio, Gazi - Metaxourgio - Votanikos

Property Code: 7-337. In one of Athens’ most vibrant — and rapidly transforming — urban districts, a 28 sqm top-floor studio penthouse stands out not for its size, but for its strategic investment value.
This corner 5th-floor penthouse (1970 building, fully renovated 2020) offers sweeping side views over the former Peloponnese Station, Lycabettus, the Acropolis, and the city — a captivating experience that’s increasingly rare in this category.

Marble, steel, copper-tinted glass, and stone combine for a minimalist, contemporary look with industrial and antique touches.
With a private 40 sqm veranda that expands usable space by >140 %, this isn’t just a small flat — it’s a lifestyle product, perfect for short-term rental, boutique living, or hybrid use.
As Metaxourgio actively joins regeneration programmes and establishes itself as an artistic, cultural, and gastronomic hub (Avdi Square, street art, galleries, cafés, food scene), the neighbourhood attracts both new residents and travellers seeking an authentic Athenian urban experience.
Investment Logic – Yield & UpsideCurrent Market Positioning
Average asking prices in the Gazi–Metaxourgio zone: €2,250 – €2,500/sqm for residential sales, trending upward.
Despite the compact size, the €136,000 price (~€4,857/sqm) aligns with premium micro-urban pricing, justified by the veranda, views, and top-floor status.Short-Term Rental Potential
Comparable Airbnb listings in the area are active and popular, ranging €55–€90/night for smaller studios and 1-beds, especially with good aesthetics, views, and amenities.
Consistent occupancy delivers net yields >10–12 % – already proven by the property’s rental history, well above Athens’ typical unleveraged yields (~4–6 %).Long-Term / Hybrid Use
Even as long-term rental, similar studios in Metaxourgio fetch €550–€600+/month for ~30 sqm units, guaranteeing stable cash flow while asset appreciation continues.Design & Spatial Narrative
Despite the compact footprint: Distinct bedroom with small balcony and Lycabettus view – rare for 28 sqm Open-plan kitchenette with ergonomic layout and essential high-touch features Separate toilet and shower with beige cement-render and spa-like feel (standalone shower can double as hydro-massage) Armoured door, triple-glazed windows with soundproof film, A/C, high-speed Wi-Fi, 50-inch TV – ready-to-operate productCommunal rooftop storage/laundryThis isn’t merely a “studio” — it’s a micro-urban gem: low-maintenance, high-utility.
Why This Is More Than a “Studio”
This penthouse isn’t just a small flat; it’s an urban asset in a neighbourhood changing fast, with: Active artistic and cultural identity Growing gastronomic nodes Rising demand from locals and visitors Proven 13 % ROI track revenue record5 min walk from METRONot just “a garsoniera” — a strategic capital play in the heart of new Athens.
Sale Price: €136,000Schedule your viewing with PANTOU REALTORS.