2-room flat Ορμηνίου, 9, Hilton, Ilisia

IlisiaΟρμηνίου, 9

€ 590,000

3 rooms

102 m²

2 bathrooms

Floor 3

Lift

Balcony

Note

Listing updated on 11/23/2024

Description

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reference: EK-6770839

Fully renovated apartment of 102 sq.m. with a 45 sq.m. veranda, dual-aspect. Located 200m from the Hilton Hotel. The property consists of: ● Two bedrooms ● One bathroom ● Two W.C. Situated on the 3rd floor at 9 Orminiou Street, it is the second penthouse in the building. The kitchen is fully equipped with electrical appliances. It features autonomous heating with natural gas and underfloor heating throughout. The floors are made of solid oak wood. The renovation was completed in May 2024.

Prime Investment Opportunity: Renovated Apartment in Central Athens (Hilton Area) Real Estate Price Trends in the Hilton Area Year

Average Property Price (€/sqm)

Annual Increase (%) 2021

€3,800

- 2022

€4,200

10.5% 2023

€4,600

9.5% 2024

€5,000

8.7% Insight: The Hilton area continues to demonstrate steady growth in property prices, making it a solid long-term investment choice. Updated High-End Renovation Cost Trends (2021-2024) Year

Average Renovation Cost (€/sqm)

Annual Increase (%) 2021

€750

- 2022

€937.5

25% 2023

€1,125

20% 2024

€1,350

20% Observation: Renovation costs have risen significantly, driven by higher material and labor expenses, underlining the demand for modern, well-renovated properties. Key Nearby Landmarks and Distances ● Evangelismos Metro Station: ~600 meters, part of the new Line 4 currently under construction, set to enhance connectivity and potentially increase property values by 15-20%. ● National Gallery: ~700 meters, offering rich cultural experiences. ● Kolonaki District: ~1.2 km, known for luxury boutiques and fine dining. ● Syntagma Square: ~1.8 km, the central node for business and tourism. Impact of the Hilton Redevelopment Project The Ilisian, the redevelopment of the iconic Hilton Athens, will introduce luxury hotel services and high-end residences. This project is poised to enhance the neighborhood’s prestige and drive further real estate appreciation due to its appeal and high-profile amenities.

Features