Praga studio 29 sqm, rental investment

Description

A 29 sq m studio apartment for sale on Starzyńskiego Street in Praga-Północ, in a building dating back to the 1960s. The apartment includes a 3 sq m basement. The apartment requires a complete renovation, which is reflected in the price.

:: For whom?
Primarily for investors. The square footage, location, and entry price combine to create one of the most predictable rental options in this part of the city—studio apartments in Praga rent quickly, and after renovation, the property enters the most liquid segment of the market. It's also a sensible option for first-time buyers who are ready to furnish their apartment from scratch.

:: Advantages?

• Entry price PLN 470,000 – below the rates for ready-to-move-in properties in this area
• 29 m² of space in the segment with the highest lease liquidity
• 3 m² basement included in the price
• A proven, mature neighborhood with full infrastructure and strong communication
• Complete freedom of arrangement

:: Is this what you are looking for?
The apartment is in need of a complete renovation. This isn't an offer for someone who wants to move in with a suitcase. It's for someone who's budget-conscious. With this size, renovation costs are predictable and limited, and the difference between the purchase price and the finished value of the apartment is the main selling point. Praga-Północ has been steadily gaining ground for years, and Starzyńskiego Street is a well-connected thoroughfare—after the renovation, the apartment will be rented out without interruption.

:: What's nearby?
The area is well-developed—grocery stores, services, pharmacies, and local restaurants are all within walking distance. Nearby, Praski Park and the Warsaw Zoo offer a veritable green space within easy reach. Further south, the atmospheric Praga district boasts Ząbkowska Street, the Koneser Praga Center, and a growing selection of cafes and restaurants. Schools and preschools are also located nearby.

:: How's communication?
One of the strongest points of this offer: tram and bus stops with numerous lines and frequent services are located on Starzyńskiego Street. A quick journey to Żoliborz and the city center is via the Gdański Bridge. The Dworzec Wileński metro station and the Wileńska transfer hub are nearby, offering direct access to Śródmieście.

:: Summary

• Price: PLN 470,000
• Area: 29 m² + basement 3 m²

Offer photo gallery

Real estate location