Elite Residence — A0198 Feasibility Report

M. Sami Akbeniz
2 days ago
5 min read

FEASIBILITY REPORT · CHALANDRI · NORTH ATHENS · GOLDEN VISA

This report provides a data-driven assessment of the single available unit at Elite Residence (A0198) in Chalandri, one of the most established districts of northern Athens. The project is a newly completed boutique building; the available home is residence B4, a 181 sqm three-bedroom apartment arranged across the building's second and third levels, listed at EUR 740,000.

The assessment covers location and access, unit specifications, price analysis on a per-square-metre basis, conservative rental scenarios and the principal risk items. As the listing carries a Golden Visa tag, the programme's current threshold framework is summarised neutrally in a dedicated section; nothing in this report constitutes a guarantee of eligibility.

Price and availability figures are subject to developer confirmation. Square-metre comparisons are our conservative band estimates rather than definitive market data; unit-level verification is recommended before any final decision.

Location and Access

Chalandri is one of the most settled residential districts of northern Athens. It combines a lively town centre of cafés, restaurants, schools and everyday services with the calm, green streets of a mature suburb. The district enjoys steady demand from both local end-users and long-term tenants.

On the access side, Metro Line 3 links the district directly to central Athens and, without a change, to the international airport. The Attiki Odos motorway and the Marousi business corridor along Kifisias Avenue are minutes away, while The Mall Athens and Golden Hall shopping centres are within a short drive.

In line with our reporting policy, location information is given at district level; the exact plot and building position are shared at the consultation stage.

Project and Units

Elite Residence is a boutique-scale building whose construction is complete (2026 build) and which is ready for delivery. The project has a single available home: residence B4, a 181 sqm apartment with three bedrooms and three bathrooms, arranged across the building's second and third levels.

The building is specified for low running costs: autonomous heating and cooling via heat pump, photovoltaic panels with net metering, a solar water heater, double glazing with highly insulated frames, smart home infrastructure, an armoured entrance door and alarm pre-installation. The feed states Energy Class A for the unit; we recommend confirming the certificate details on file.

Unit: B4 · 181 sqm · 3-bed · 3 baths · levels 2/3
Price: EUR 740,000 · status: available (subject to developer confirmation)
Delivery: construction complete, 2026 build, ready for handover
Energy: Class A; heat pump + photovoltaics + solar water heater

Price Analysis

On the list price of EUR 740,000 and 181 sqm of living area, the unit price works out at approximately EUR 4,088 per sqm. With only one unit on offer there is no internal price band, so the analysis rests on this single figure.

Our conservative estimate for new-build pricing in Chalandri is broadly in the EUR 3,200–4,000 per sqm range, with levels above this band seen depending on micro-location and finish. Within that frame, B4's EUR 4,088 per sqm sits at the upper edge of, or slightly above, our band. We state this plainly: the price points to a premium level relative to our district assumptions.

The boutique scale, duplex layout, Energy Class A specification and ready delivery can justify part of the premium; whether the resale market will preserve it cannot be guaranteed. We recommend benchmarking against comparable new-build three-bedroom homes and negotiating with that comparison in hand.

Unit price: EUR 740,000 ÷ 181 sqm ≈ EUR 4,088/sqm
Our district new-build band estimate: ~EUR 3,200–4,000/sqm (conservative)
Positioning: upper edge of / slightly above the band — carries a premium

Rental Potential

Chalandri sees steady long-term rental demand from professionals working along the Marousi business corridor and from school-focused families. A 181 sqm three-bedroom format is suited to long-term family tenants rather than short-stay use.

We model gross yield in a conservative 3–5% band: on EUR 740,000, the 3% scenario corresponds to roughly EUR 1,850 per month, 4% to roughly EUR 2,465, and 5% to roughly EUR 3,085 gross. Since larger units command lower rent per square metre, our realistic expectation is the lower half of the band; our monthly rent estimate for a new-build three-bedroom here is around EUR 2,200–2,800, implying roughly 3.5–4.5% gross.

These figures are estimates, not a guaranteed return. Service charges, insurance, taxes, vacancy periods and management costs will bring the net yield below the gross figure.

3% scenario: ~EUR 1,850/month gross
4% scenario: ~EUR 2,465/month gross
5% scenario: ~EUR 3,085/month gross
Realistic expectation: lower half of the band (~3.5–4.5% gross)

Golden Visa Framework

Under the Greek Golden Visa programme, the qualifying investment threshold is determined by the zone in which the property is located and by the route chosen, and must be confirmed separately for each unit on documentation. For standard purchases in high-demand zones, the current framework provides for higher thresholds.

The EUR 250,000 level is not a location-based advantage: under current law it applies only where a non-residential property is converted to residential use, or where a listed building is restored. For that reason, no project can accurately be described in advance as "Golden Visa guaranteed", and we make no such claim.

The applicable route, threshold and supporting file for this specific unit are confirmed together on a case-by-case basis before reservation. For buyers with a Golden Visa objective, we recommend starting the assessment with this confirmation step.

Risks and Points of Attention

Availability and price data originate from the feed and require developer confirmation; with a single-unit offer this is especially critical, since once the unit sells there is no alternative within the project. Current status must be verified before reservation.

A unit price at or above the upper edge of our district band may limit pricing flexibility on resale. At the EUR 740,000 level, the buyer pool for large family apartments is narrower; secondary-market liquidity can be slower than for small and mid-sized units.

Construction is complete and ready for delivery according to the feed, which materially reduces handover risk. Even so, the occupancy permit, the energy certificate (Class A per the feed) and the finish quality should be verified on site and on file. Where a Golden Visa objective exists, the investment decision should not rest on that assumption until the route and threshold have been confirmed.

Single unit: availability confirmation is critical, no alternative
Unit-price premium: resale margin and liquidity risk
Ready delivery: verify permit, energy certificate and finishes on site
Golden Visa: no assumptions without route + threshold confirmation on file

Conclusion

Elite Residence B4 offers a ready-to-move, Energy Class A three-bedroom home in an established district with strong metro and motorway connections. Location quality, low-running-cost specification and immediate delivery are the file's strengths.

The central consideration is price: at EUR 4,088 per sqm, the unit sits at or slightly above the upper edge of our conservative district band, and this should be the main axis of negotiation. On the rental side, the realistic expectation is a 3.5–4.5% gross band; the profile suits buyers prioritising own use or long-term value retention over short-term yield.

For buyers with a Golden Visa objective, route and threshold confirmation is a precondition. Once availability, price and documentation checks are complete, the file is a credible option for family buyers seeking ready delivery in northern Athens.