Agios Panteleimonas 2 — A0187 Feasibility Report

M. Sami Akbeniz
2 days ago
4 min read

FEASIBILITY REPORT · AGIOS PANTELEIMONAS · ATHENS

This report presents an investment assessment of listing A0187, located in Agios Panteleimonas, one of central Athens' established districts. The listing comprises a single 74 m² two-bedroom apartment on the first floor of an established city building, fully renovated in 2026 and ready for delivery. The asking price is €181,556.

The assessment covers location and transport, unit structure, price-per-square-metre analysis, rental potential and risk factors. Conservative bands are used throughout the price and rental projections, and data requiring verification is clearly flagged.

This report is a decision-support document, not a marketing text. Before any final investment decision, we recommend confirming unit availability, the energy performance certificate and the scope of the renovation through the transaction file.

Location and Transport

Agios Panteleimonas, named after the landmark church at its heart, is an established central Athens district positioned between Victoria Square and Attiki. Its strongest investment argument is transport: two separate metro stations lie within walking distance, providing direct or single-transfer access across the city.

The National Archaeological Museum, Pedion tou Areos park and the Omonia commercial district are all nearby. Daily-life infrastructure — shops, schools, healthcare — is available within the neighbourhood on foot, a texture that matters for the long-term tenant profile.

Location details are given at district level in this report; the full address and building details are shared at the enquiry stage.

Victoria metro station: approx. 400 m
Attiki metro station: approx. 700 m
Pedion tou Areos park: approx. 700 m
National Archaeological Museum: approx. 900 m
Omonia Square: approx. 1.3 km
Athens International Airport: approx. 33 km

Project and Units

The listing comprises a single apartment on the first floor of an established residential building: unit A3, 74 m² of usable area, in a 2+1 layout of two bedrooms, a living area and one bathroom. The comprehensive renovation was completed in 2026 and the apartment is ready for handover.

This is renovated second-hand stock, not new construction; while the apartment interior has been fully refurbished, the age of the building's common areas and systems should be assessed separately. The energy class is not stated in the feed data; the energy performance certificate should be requested at the file stage.

Available visual documentation is limited to the floor plan; interior photographs and an on-site inspection are strongly recommended before any decision.

Unit A3 · 1st floor · 2+1 · 74 m² · €181,556 · Available
Renovation year: 2026 · Delivery: ready
Energy class: not stated in the data, verification required

Price Analysis

The asking price is €181,556 for 74 m² of usable area, corresponding to approximately €2,453/m². As a single-unit listing, the price band is a single point.

By our conservative estimate, unrenovated older stock in Agios Panteleimonas trades roughly in the €1,300–1,800/m² band, while renovated stock trades roughly at €1,900–2,600/m². This unit sits in the upper half of our renovated-stock band and is clearly above the district-wide average, which includes unrenovated stock.

The premium is justified by the full renovation, ready delivery and dual metro proximity; nevertheless, the buyer should be aware of paying a unit price above the district average. Entry at this level may limit short-term appreciation; the investment case should rest primarily on rental income and the long-term central Athens trend.

Unit price: approx. €2,453/m²
Our district band estimate (renovated stock): ~€1,900–2,600/m²
Position: upper half of the band — above the district average

Rental Potential

Agios Panteleimonas sits within Athens' dense central rental market; renovated compact apartments draw steady long-term demand from students, young professionals and city workers. Dual metro access is the most tangible factor supporting occupancy continuity.

In our conservative model, we project a monthly rent band of approximately €580–740 for a renovated 74 m² 2+1. Against the asking price this corresponds to a gross yield band of roughly 3.8–4.9%, consistent with our general conservative 3–5% framework.

Net yield will fall below gross after management, vacancy periods, insurance, maintenance and taxes. These figures are estimates and no rental guarantee is implied; a short-let scenario should not be modelled without first verifying current local regulations.

Our monthly rent band estimate: ~€580–740
Gross yield band: ~3.8–4.9% (not guaranteed)
Target tenant profile: students, young professionals, city workers

Risks and Points of Attention

No investment is risk-free; the key items for this listing are set out below. This section is deliberately conservative to support a sound decision.

The unit price sitting above the district average is the main financial point of attention: the renovation premium may not be fully recovered at resale. While second-hand central Athens stock is generally liquid, time-to-sell varies with the market cycle.

Eligibility under residence-permit programmes depends on the file, not the location: the €250,000 threshold applies only to change-of-use conversions or listed-building restorations, and this listing's price is in any case below that threshold. No route should be assumed without unit-level legal file verification.

Availability and pricing are single-source feed data; up-to-date confirmation before transacting is essential
Energy class absent from the data — the energy performance certificate must be reviewed in the file
Visual documentation is limited to the floor plan; interior photos and an on-site inspection are recommended
The renovation scope, warranty terms and the age of the building's common areas and systems require separate review
The district texture varies street by street; a visit is recommended
The unit-price premium may limit short-term appreciation; resale liquidity depends on the market cycle

Conclusion

A0187 presents a coherent profile for an investor seeking a renovated, ready-to-deliver compact apartment in central Athens with dual metro access at an entry price below €200,000. Its strengths are transport, ready delivery and clear tenant demand.

The balancing factor is price: at approximately €2,453/m², the unit price sits above the district average, which means the investment case must rest on rental income and the long term. In a conservative model, the 3.8–4.9% gross yield band is a reasonable but not guaranteed expectation.

Our recommendation: no decision before availability, the energy performance certificate and the renovation scope are verified through the file, and an on-site inspection is completed; with those steps done, the listing is a viable candidate for a long-term, rental-focused portfolio.