31 m² studio apartment to renovate for sale on Erzsébet királyné útja in Zugló!

I am offering for sale a first-floor, street-facing, northwest-facing studio apartment on Erzsébet királyné útja in Budapest’s District XIV. With 31 m² (334 sq. ft) of floor space, a generous main room and 3.4-metre ceilings, it provides a good starting point for a first home tailored to your taste or a rental property.

31 m² (334 sq. ft) with a separate kitchen and spacious main room:

Main room: approximately 21.6 m² (233 sq. ft), with street-facing windows

Separate kitchen, accessed through a door from the entrance hall

Bathroom with a shower, accessed from the kitchen

Separate WC, accessed to the left from the entrance hall

Entrance hall, so you do not step directly into the kitchen

The large room opens from the kitchen and can accommodate both living and sleeping areas. With 3.4-metre ceilings, a sleeping loft may also be worth exploring, subject to suitable technical planning. After renovation, the apartment could make a comfortable studio home without a loft as well.

Key features and technical details:

Renovation required: skim-coating and repainting the walls and upgrading the old electrical wiring are recommended. A small area of mould is visible on one wall; its cause and treatment should be addressed during renovation.

Gas convector heating; installing heating and cooling air conditioning could be considered as part of an upgrade. Wall-mounted electric heating is also available in the bathroom.

20 A incoming electricity supply and a separate 10 A controlled, off-peak supply. Hot water is provided by an 80-litre Hajdu electric water heater connected to the off-peak supply.

The entrance door and the window above it have already been replaced with modern uPVC units. The main room retains its original wooden windows; the apartment is currently quiet, and the windows can be upgraded if desired.

The kitchen is equipped with a sink, gas cooker and refrigerator.

An energy performance certificate is available; the property is rated I.

Running costs and utilities:

Common building charge: HUF 15,000/month, including unlimited water consumption. The apartment has no individual water meter.

Heating: approximately HUF 15,000/month during winter, based on previous consumption.

Outside the heating season, gas use is limited to the small amount consumed by the cooker.

Electricity: typically approximately HUF 7,000/month, depending on consumption.

These figures are indicative; actual costs depend on usage and current tariffs.

Building and neighbourhood:

The apartment is on the top level of a quiet, U-shaped building with 22 apartments and a friendly residential community. The building comprises a semi-basement, a raised ground floor and a first floor; there is no lift. Two-thirds of the roof has already been renovated. According to the information provided, work on the remaining section is expected within a few months.

Nearby Rákos-patak, Kassai tér, Nagy Lajos király útja and Bosnyák tér offer places to walk, shop and take care of everyday needs. Bosnyák tér’s market and the shops around the intersection of Erzsébet királyné útja and Nagy Lajos király útja make daily shopping convenient. The paths along Rákos-patak and easily accessible City Park offer good options for time outdoors.

Excellent transport links: trams 62A and 69 and bus 5 are available nearby. Tram 69 connects to the M1 metro at Mexikói út, while bus 5 provides access towards the city centre. Tram 3, bus 32 and trolleybuses 81 and 82 add further connections in the area, including access to Örs vezér tere and the Árpád Bridge area.

For drivers, the nearby M3 approach road is convenient. On-street parking is available in the area. Courtyard parking may become possible if a space becomes vacant, subject to agreement with the building’s management.

A good first-home option for singles or young couples who want to renovate to their own requirements. Otthon Start financing may be available, subject to buyer eligibility, the property’s condition being accepted by the lender, and loan approval.

The apartment may also appeal as an investment: after renovation, its estimated rental potential is approximately HUF 220,000/month. The achievable rent depends on the quality of the renovation, furnishings and the rental market at the time.

The property has a single owner with full ownership, is free of lawsuits, claims and encumbrances, and is available for immediate possession.

Asking price: HUF 38.9 million

The asking price is negotiable in view of the apartment’s condition. All offers will be considered!

Feel free to contact me with questions or to arrange a viewing! I hold the keys and can offer flexible viewing times by prior arrangement.