Broad target group
The furnished apartments appeal to several target groups: demanding students, international young professionals and expats. This noticeably reduces the rental risk.
Népszínház 27 · Budapest
Design apartments in a period property as a co-investment.
Three fully equipped apartments have been created from a classic period property in Budapest - with their own entrance, fully furnished and immediately rentable. If desired, with our full service for letting and management.
The finished product
Turnkey and high quality – see for yourself.
This inspection video is aimed at tenants and takes you through Unit 2 in its finished state. The tenants are still abroad at the time the contract is concluded - these inspections are an important decision-making criterion for them.
Historical substance - fully developed
Turnkey, broadly lettable, realistically calculated.
The Népszínház 27 project offers turnkey apartments with wide rental potential, immediate cash flow and realistic returns. The units impress with their high-quality furnishings and strong micro-location.
Instant cash flow
The apartments will be handed over turnkey with design furnishings, a kitchen and air conditioning. A months-long renovation and setup phase is completely eliminated.
Ideal connection
Very good connection to the M4 and quick access to important study and work locations. Ideal for international medical students, semester abroad and remote workers who appreciate the flair of Budapest.
The units
Three fully functional apartments.
The original 106 m² period property was converted into three separate apartments, each with its own entrance and meters. All three are already rented.
Unit 1
23 m² - €125,000
Compact unit with clear use as a furnished studio. It shows how even smaller areas can be rented through good layout and equipment.
Unit 2 · available
46 m² - €185,000
The unit combines a pleasant size, finished furnishings and a broad target group. It is suitable for young professionals, expats and discerning students who live centrally and value reliable support.
Unit 3
37 m² — €152,800
Another independent unit in the same property. Together, the three apartments show how a large old apartment can be turned into a flexible, individually sellable product.
| Unit | Price HUF | Price EUR | Area | Gross rent* | Gross return | status |
|---|---|---|---|---|---|---|
| Unit 1 (courtyard) | 45,000,000 HUF | 125.000 € | 23 m² | €630/month | 6,0 % | sold |
| Unit 2 (side street) | HUF 66,600,000 | 185.000 € | 46 m² | €830/month | 5,4 % | available |
| Unit 3 (side street) | HUF 55,008,000 | 152.800 € | 37 m² | €670/month | 5,3 % | sold |
* The prices are based on rental agreements that have already been concluded.
In the co-investing model, you become part owner of the entire apartment and are included in the land register according to the percentage of the area. All questions regarding the distribution of costs, use, allocation of the units and the purchase/sale procedure between the co-owners are regulated via a notarized agreement.
Rental & yield scenarios
Only the rental potential makes the investment.
A finished apartment only becomes a good investment if it can be easily and permanently rented out. The apartments appeal to several target groups: demanding students, young professionals and expats who are looking for a high-quality furnished apartment with reliable care.
Year-round occupancy
Due to the academic calendar, year-round occupancy is common, even when tenants change. The apartments are particularly attractive to medical students, who often stay for several years.
Warm rent: €630-830/month
Rental price/m²: 18,0–27,4 €
Average gross return: 5,5 %
Chance of staying for several years
Depending on the employment contracts. When tenants change, there may be vacancies while successors are being sought - in this case we assume 1 month of vacancy per year to calculate the return.
Warm rent: €700-1,000/month
Rental price/m²: 19,8–30,1 €
Average gross return: 5,6 %
Surgical support
Full service on request = passive income.
No matter how beautiful an apartment is, what matters is how well it is rented out and looked after. This is exactly where a significant part of our work lies. We combine our own platform wg-zimmer-budapest.de with well-rehearsed processes and personal English-language communication - and are always on site when necessary.
- Own rental platform with a focus on furnished living in Budapest
- Personal communication with tenants and interested parties
- Complete service throughout the entire rental period
Location & target groups
Central, connected, suitable for everyday use.
Népszínház 27 is located in an urban Budapest location with a quick connection to the M4 metro and easy access to important places of study, work and everyday life. This mix is valuable for renting: central, well connected and suitable for people who want to live furnished without having to furnish themselves in the long term.
- International medical and veterinary students
- Participants of semesters abroad at technical universities
- Students of Andrássy University
- Remotely working IT professionals and employees of international management consultancies
Park & Metro
The park above, the metro below -
Peace of mind in living, speed in everyday life.
References
This is how we develop historic apartments.
Further videos of comparable Budapest Invest projects show how we develop, equip and prepare historic apartments for rental.
József körút 23
The making of two premium units that were created from an apartment.
Népszínház 16
The inspection of three units, which are primarily aimed at students.
Sip utca 5
Two units that remain connected via a shared kitchen - can be used as a flatshare for two or for couples.
Frequently asked questions
What buyers want to know.
Who takes care of the letting and management - and how much does it cost?
As the owner, you are free to decide whether you want to manage the apartment yourself or commission us to do it for you. If desired, we can take over the complete administration, tenant contact, new letting and a reliable SOS service.
Our model is 100% success-dependent: you incur no costs in unrented months. Ongoing administration including tenant support and SOS service amounts to 10% of the net rent. We charge a net rent for finding a new tenant (in the first year of the contract). For shorter terms, this fee is reduced proportionately.
Which tax regulations apply to foreign buyers?
Important: The following information does not replace individual tax advice. Please consult your tax advisor.
For many European buyers, Hungary's double taxation treaties mean that rental income is generally taxed in Hungary. The exact treatment depends on your tax residence and personal situation. In Hungary, flat-rate taxation of 13.5% or standard taxation of 15% with deductible depreciation and costs may be available.
Further information in our journal: Inheritance tax in Hungary · Cross-border rental income and tax considerations
How quickly can the apartment be rented out after purchase?
The apartments are generally handed over in such a way that they can be rented out immediately. The actual speed depends on the timing and the chosen target group.
When renting to students, the start of the semester (February and September) is crucial. For working people, expats or other target groups, a quick rental is often realistic even outside of these times. We support you in this.
What is the specific process from purchase to takeover?
After reaching an agreement, we will arrange an appointment with the Hungarian notary/lawyer of your choice (our partner lawyer is fluent in English and Hungarian). A deposit of 10% of the purchase price (via bank transfer) is usually due at this appointment.
The remaining 90% will only after complete completion due. You can therefore withhold the final payment until you have personally convinced yourself of the flawless performance on site.
After receipt of the final payment, the lawyer arranges for the entry in the land register. At the same time, we will create a detailed handover protocol with you, including key handover.
How high are the additional costs when purchasing and operating?
When purchasing The following additional costs apply: real estate transfer tax 4% of the purchase price (due a few months after the land register entry), lawyer/notary fees approx. 0.75% of the purchase price, broker's fee 3.5%.
Operational covers almost all of the tenants’ costs. Guide values: Housing benefit (regardless of consumption) approx. €1 per m², internet approx. €20 per month, electricity (average) approx. €50 per month.
These values are estimates from our many years of operational practice. Upon request, we can provide you with much more precise calculations for specific objects.
Ready for the next step?
Would you like more details, pictures and calculations?
Contact Tim Adams directly for a conversation - the quickest way is via WhatsApp, or you can also request an appointment for a video call or an on-site visit in Budapest.
Tim AdamsManaging Director Budapest Invest