Appartement 4 chambres à rénover, troisième étage, Kolonaki, Kolonaki - Lykavittos

Property Code: 7-377In the heart of Athens — where the city’s memory is preserved in stone, pathways and urban furniture — between Syntagma Square and Kolonaki Square, lies a residence that is not sold as square metres.
It is sold as a way of life, as silence within the pulse, as a place where yesterday’s voices converse with tomorrow’s footsteps.
This 176 sqm apartment on the 3rd floor of a beautiful 1935 building awaits REBIRTH.High ceilings that have sheltered generations of dreams, wooden floors that have known many lives, wooden frames that still hold the city’s breath.
The central heating is currently non-operational — an invitation: to choose between underfloor heating with heat pump and fan coils, or autonomous natural gas — to craft spaces that reflect you, not merely occupy them.
In this historic five-storey building where every level breathes Athens itself, every room — the 3 bedrooms, the 7 corners of the home, the 2 bathrooms and WC — is a promise of future.
The basement storage enhances functionality, while the front-facing orientation captures the city’s light, as if spreading colour across a canvas before the renovation begins.
The location itself is an asset with biography: between the political centre and the collective soul of Kolonaki.
Just steps from Syntagma Square, where contemporary Athens writes a new chapter in its history every day; and at the same time amid the lyrical staircases and cafés around Kolonaki Square, where conversations — about art, philosophy, life — do not cease with the first light of day.This concentration of identity and function — political, cultural, social — is not merely “central”.
It is privileged.Kolonaki, with its classic cosmopolitan structure, and Syntagma with its open sense of public space, stand as two axes of an urban experience rarely encountered in such concentrated form.
Why This Residence Deserves Attention from Discerning InvestorsHigh value per square metre
Recent market data shows average asking prices in Kolonaki approaching €6,000+/sqm for well-configured properties and premium renovations, with a clear upward trend in recent years. This price per sq.m. (4.802,26 € / τ.μ.) is already competitive in order to facilitate the upcoming renovation cost (€180.000-€240.000).
Residential rental potential
Renovated 3+ bedroom apartments in Kolonaki and surrounding squares can command monthly rents reflecting strong urban demand in prime space (e.g. €3,000–€4,000/month for high-spec residences), while fully furnished luxury options regularly list between €3,000 and €6,000+ depending on size and quality.
Professional/office rental potential
In the same geographic zone, 100–150 sqm offices appear in brokerage networks at ≈ €1,800–€2,700+/month, reflecting the area’s commercial appeal for uses requiring central-city access.
ROI & Investment Rationale
With a full renovation that harmonises the 1935 architecture with 21st-century standards, it is realistic that this property could approach or exceed €1,300,000–€1,400,000+ in post-renovation resale value — whether repositioned as a premium residence, high-quality office, or mixed-use suite — given its centrality, high per-sqm value, and consistent demand in Kolonaki/Syntagma.
When Architecture Becomes a Life Investment
Here you do not buy simply an apartment in need of renovation.
You buy space with perspective — space that can be reimagined as:Luxury Residence — A home with identity, not merely four walls — ready to meet the high lifestyle of contemporary Athens Flagship Office / Creative Hub — A premium professional address with character — ideal for firms seeking prestige, not just workspace Hybrid Live-Work Space — A concept that has become current in Kolonaki/Syntagma, where daily life and work meet organicallyWith the building’s façade refurbishment currently in progress, the external appearance will be renewed — a factor that not only protects, but substantially increases both perceived and real value.
In an urban passage where past and future meet, this property is not merely an opportunity — it is a destination.
PANTOU REALTORS — for those who seek not just an address, but urban identity.Exclusive viewings by appointment.