For Sale a 117 m² corner apartment with a charming alcove on Baross utca!

I am offering for sale a first-floor, 117 m² (1,259 sq. ft) classic apartment at the corner of Baross utca and Szűz utca in Budapest’s District VIII. With three full-sized rooms, one smaller room and two bathrooms, the property has upgraded electrical and heating systems and requires cosmetic renovation. It can be transformed into a spacious family home or an attractive rental apartment with independently accessed rooms.

117 m² (1,259 sq. ft), three full-sized rooms and one smaller room:

3 spacious rooms, 1 smaller room accessed from the kitchen, a separate kitchen, a hallway and 2 bathrooms with toilets.

The 3.7-meter (12.1 ft) ceilings, south and southeast orientation and large windows create bright, airy interiors. A distinctive feature is the beautiful window-lined bay: a charming indoor nook with a balcony-like feel, perfect for morning coffee, reading or relaxing.

The apartment’s interconnected layout allows you to walk through it in a complete loop and offers several options for reconfiguration. Removing the partition between the kitchen and the smaller room could create a larger kitchen or, with the kitchen relocated, a spacious additional bedroom. The rooms can be given independent access, and a five-room layout is also achievable. Alterations require technical assessment; the lightwell is to remain unbuilt.

Key features and technical details:

Electrical system replaced approximately 10 years ago: 25 A incoming supply, a residual-current device (RCD) and 12 circuit breakers.

Heating system renewed approximately 10 years ago, including the radiators and boiler. A gas combination boiler provides heating and hot water.

Heating pipes are concealed behind plasterboard, with ambient lighting incorporated into the design.

Both bathrooms have previously been renovated.

If the current layout is retained, the main work required is cosmetic renovation, allowing you to refresh the interiors to your own taste.

Building and neighbourhood:

Built in 1897, the building contains approximately 20 apartments and has financial reserves. Several successful grant applications have helped fund previous improvements, with renovation of the courtyard access balconies among the future plans. The building management office is located on site. Common charges: approximately HUF 34,000/month.

The location is well suited to both residential use and letting: one of Óbuda University’s buildings is approximately 100 metres away, with several other universities nearby. Corvin Quarter is within walking distance, offering shops, cafés, restaurants and everyday services.

Public transport connections are excellent: trolleybuses 72 and 83, bus 9 and night bus 909 stop nearby. Harminckettesek tere on József körút is a few minutes’ walk away, providing convenient access to trams 4 and 6.

Rental potential:

The apartment was previously rented to university students for HUF 300,000 per month in its current condition. The proximity to universities and the number of rooms provide a strong basis for long-term letting, including individual room rentals.

Renovation and an increased room count could substantially raise the previous rental income, potentially doubling it. One possible post-renovation income scenario assumes EUR 400 per room per month: with five lettable rooms at full occupancy, this could generate EUR 2,000 in gross monthly income from long-term rentals.

Most apartments in the building are used for short-term accommodation. A moratorium on registering new private and other accommodation establishments in Budapest applies until the end of 2026. From 2027, the apartment may also be eligible for Airbnb-style short-term letting, subject to applicable legislation.

The property is free of litigation and encumbrances, has its own land registry identifier and is available for immediate possession.

Asking price: HUF 116.9 million

Feel free to contact me with any questions or to arrange a viewing!

The energy performance certificate is being prepared. The listing will be updated with its details as soon as it becomes available.