Bilocale da ristrutturare, primo piano, Centro, Neo Faliro

Property Code: 7-300. In a tranquil pocket of Neo Faliro, mere footsteps from the Metropolitan Hospital and the pulse of the Peace and Friendship Stadium, a compact unfinished flat awaits its next director. Where the electric railway meets the tram and the stands fill with roar, this 55 sqm canvas is primed for transformation—ready for the owner who thinks like an investor. An entry price rarely seen in the district. All that’s missing is your blueprint. Low entry, clear strategy, proven demand. You bring the renovation; the neighbourhood delivers the return.
This is the kind of deal the cool-headed favour: fair pricing, quiet block, perimeter greenery, and major landmarks within walking distance. The property needs work—that’s precisely why it’s worth it. Craft your own before-and-after in a location that rents tomorrow.
The Property.
A 55 sqm unfinished first-floor flat in a 1976 five-storey block with generous landscaped grounds. Clean, serene entrance; common charges ~€10/month.Living room 4.70 × 6.21 m with access to 3 × 2 m balcony – perfect for redesign.Bedroom 3 × 5 m with secondary balcony 1.40 × 0.75 m.Bathroom 1.55 × 2.85 m.Separate kitchen opening onto the same rear balcony (new door November 2025).Marble floors in living-hall-bedroom; tiles in kitchen-bathroom. Everything requires renovation. The buyer knows this—the price reflects it.Brand-new EUROPA aluminium frames (energy-efficient, thermal-break, with screens) were JUST installed as well as a brand new gas boiler for autonomous heating and NEW  electrical/plumbing – an instant premium asset.

Energy Class C.

100 % transfer-ready paperwork – immediate closing.
Why It Stacks Up.
Entry Price:Neo Faliro average (Oct 2025): €2,818/sqm.This flat: €2,0000/sqm → ~40 % below market.Peak Market:April 2025 high: €2,851/sqm
The market is elevated—this is priced honestly low.Rental Yield:
Post-renovation: €600–650/month easily achievable thanks to proximity to: Metropolitan Hospital,SEF Stadium,Electric railway,Tram,Karaiskakis Stadium,Coastal boulevard.Low Budget → High Upside
~€25,000 renovation turns it into a turn-key rental machine.
Professional Use
The block already hosts practices; Metropolitan next door creates constant demand—ideal for therapists, lawyers, psychologists, small clinics, start-ups, or creative studios.
Location Alpha: Neo Faliro on Foot.
One word: accessibility. 100 m Metropolitan Hospital,250 m SEF & tram,350 m Faliro electric station,450 m Karaiskakis Stadium,5–7 min coastal front.Markets, cafés, supermarkets, pharmacies—all within 2–4 minutes.
One of the few Piraeus zones blending quiet streets, greenery, sky-high demand, nodal position, and zero remaining stock.
With the former AIGAION cultural centre redevelopment underway, the upward trajectory is locked in.Investment Playbook – 3 Scenarios.Buy–Renovate–Rent (Long-Term):Purchase: €110,000 (non-negotiable).Renovation: €25,000.Total: €135,000.Rent: €620/month.Net yield ~5% in a bullet-proof southern rental zone.Buy–Renovate–Flip.Renovated 55 sqm average: €2,850/sqm → €156,750.With sharp design: €165,000–€170,000 realistic exit.Buy–Convert to Professional Suite
Perfect for healthcare, legal, psychology, engineering, or creative studios. The Metropolitan corridor is Piraeus’ highest-demand professional cluster.If you’re hunting a project that makes sense on spreadsheets and in real life, this is it. Small footprint, outsized potential. Neo Faliro appointment with PANTOU REALTORS– book your viewing, walk the space, visualise the use, lock in the return.