Discover a rare combination of tranquil residential living and proven investment performance. Situated in the desirable Germasogeia area (above the highway), this unique first-floor apartment delivers an exceptional lifestyle offering alongside a secure, ready-made income stream.
​Housed in a peaceful, family-oriented 3-story building comprising just 9 apartments, the property was fully renovated in 2021 (originally built in 2010) and is presented in immaculate condition.
​Property Specifications
​Internal Area: 56 m²
​Covered Veranda: 14 m²
​Private Garden: An impressive 107 m² of private outdoor space complete with a barbecue area.
​Layout: 1 spacious bedroom with an en-suite bathroom, plus a separate guest toilet.
​Living & Kitchen: Comfortable open-plan living and dining area flowing into a fully equipped open-plan kitchen.
​Parking & Storage: Dedicated covered parking space and a private storage room.
​Inclusions: Fully furnished with quality electrical appliances, hot/cold air conditioning in all rooms, and a security alarm system, electric heating provision.
​Investment Highlights & Financials
​Asking Price: €275,000 (No VAT)
​Currently rented at €1,350/month (+ common expenses), with a new tenancy agreement guaranteed by the owner at €1,450/month + common experience's
​Rental Yield: Approximately 6,6%.
​Track Record: Maintained 100% occupancy with zero vacancy periods since its 2021 renovation. It has held a stable rental rate for the past 3 years across reliable CIS tenants. Currently tenanted through November 2026.
​Value-Add Potential: Subject to obtaining all necessary permits, there is future potential to convert the layout into a 2-bedroom apartment by utilizing a portion of the expansive private garden.
​Documentation: Clean title deeds available. Open to cash buyers or those with pre-approved mortgages.
​Prime Location & Accessibility
​Nestled in a quiet residential neighborhood known for its peaceful atmosphere and convenience:
​Connectivity: Just a 3-minute drive to the Germasogeia roundabout with immediate access to the highway.
​Coastline: Only an 8-minute drive to the beach.
​Public Transport: Approximately 100 meters from the nearest bus stop.