Appartement 4 chambres à rénover, quatrième étage, Neapoli Exarcheion, Exarchia - Neapoli

Property Code: 7-459.There are certain distinctive homes on the market that await rebirth.
On the 4th floor of a very well-maintained 1960s building, on one of Athens’ most characteristic urban avenues — where the city has moved ceaselessly for decades — this 135 m² dual-façade apartment represents a rare opportunity for those who can recognise the value of a space before it reveals its full potential.I
ts location is just steps from Pedion tou Areos, the city’s largest park, and within easy reach of the new Line 4 METRO station that will radically transform connectivity in the area.

And perhaps that is precisely the essence of the property.
It is not merely an apartment for sale.
It is a canvas for creating a contemporary urban home in a neighbourhood that is transforming.
The Space:
The apartment unfolds over 135 m² on the 4th floor with a particularly convenient layout of two sections left and right of the hall, possessing all those characteristics that make 1960s Athenian apartments especially loved by architects: large reception areas,comfortable bedrooms, independent kitchen,two bathrooms,perimeter balconies, corner position with abundant light.The herringbone wooden floors and period mosaics create a strong base for a complete renovation that can transform the property into a modern high-aesthetic city apartment.
A Regeneration Project:
Its current condition requires renovation — only the frames have been updated with new synthetic ones, the security door and the electrical panel.
This, however, is exactly what makes it so interesting.
In an era when most central apartments have already become standardised investment products, a property like this offers the possibility of complete architectural reinterpretation.
The large spaces allow creation of: contemporary open-plan living room,master suite,office or third bedroom, large reception area.The Location:
The area behind Pedion tou Areos is one of Athens’ most dynamic urban cores.
Here converge: the city’s largest urban park,historic avenues that have shaped the Athenian fabric for a century,universities, cultural venues and market.With the completion of METRO Line 4, the area gains even greater value, connecting directly to: Kolonaki,University campus,Marousi.For this reason, the zone is already considered by investors one of the next rising areas of central Athens.
Investment Perspective:
The average sale price for residences in the Gyzi – Pedion tou Areos area today stands at approximately €2,600/sqm, showing significant increase in recent years.
A fully renovated apartment of similar size can reach prices substantially exceeding current levels, especially after the new METRO station becomes operational.The property is therefore offered for: owner-occupation,investment renovation and resale,creation of premium urban apartment for letting.The area is in a significant upward phase due to two key factors: new METRO Line 4 (Alexandras / Kypseli),intense investment activity in central Athens.Average sale price: ~€2,600/sqm (2026).
For a 135 m² apartment, the “theoretical” market value fully renovated reaches approximately €350,000 – €420,000.
Investment Scenario:
Current listing price: €260,000.
Full renovation cost (high quality): €900 – €1,200/sqm → €120,000 – €160,000.
Total investment cost: €380,000 – €420,000.Future value (with Metro operational):
In comparable cases in central Athens, prices rise 15–30% after line completion.
Potential value: €450,000 – €520,000.
ROI:Resale: 15% – 30% appreciation.Letting: renovated rent 12–14 €/sqm → 135 m² ≈ €1,600 – €1,900/month → yield 5% – 6%.For more information and to arrange a viewing, please contact PANTOU REALTORS.