Description
Loft-Style Apartment in the Historic Palace District – Budapest Center
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Located in Palotanegyed - the Palace District, one of Budapest’s most atmospheric and rapidly up-and-coming neighborhoods. Known for its 19th-century palaces, leafy squares, elegant cafés, boutique hotels, and cultural institutions, the area combines historical charm with a youthful creative vibe.
This district is home to major universities such as Semmelweis University, ELTE, and others, ensuring steady rental demand. The Hungarian National Museum is only minutes away and historically this neighborhood even housed the early Hungarian Parliament, making it one of the most prestigious quarters of old Budapest.
Today, Palotanegyed is undergoing continuous revitalization and increasingly competing with District V as a central residential hotspot - making it highly attractive for investors.
For sale: a cozy loft-style apartment situated on József körút 59 in a beautiful, well-maintained 19th-century heritage building designed by Hubert József and Móry Károly.
József körút is part of Budapest’s inner Grand Boulevard - known for its centrality, excellent visibility, and outstanding transport connections.
--- Location Highlights ---
*Surrounded by restaurants, cafés, bars, boutique hotels, shops, and cultural venues
*Minutes to the Hungarian National Museum and several university campuses
*Excellent public transport: trams 4–6, multiple bus lines, and fast access to the city center
*A lively, walkable urban environment with strong rental demand from students, professionals, expats, and tourists
--- Property Features ---
*37 m² official size on the ground floor
*Additional 12–13 m² mezzanine thanks to a 5.5 m ceiling height
*Practical layout: living/dining area, separate kitchen, bathroom, storage room and lofted bedroom
*Small private courtyard patio, accessible from the kitchen
*Fully furnished and equipped, including air conditioning
*Dry, well-kept and move-in ready
*Potential to extend the mezzanine to create an additional sleeping area or extra storage
--- Why This Property Is a Strong Investment ---
1. Prime Location in the Heart of the Palace District. A centrally located boulevard property in a district undergoing continuous improvement - rising prestige, strong demand, and excellent appreciation potential.
2. High Rental Demand. Proximity to major universities + cultural attractions + public transport ensures steady occupancy for both long-term and short-term rentals.
3. Heritage Building Value. Turn-of-the-century architecture is increasingly scarce in Budapest’s investor market, offering character and long-term appreciation.
4. Low Running Costs. Efficient upkeep and low operating expenses support attractive net rental yields.
5. Flexible Loft Layout. Mezzanine increases usable space beyond the official size - a valuable advantage in maximizing rental profits.
A charming, functional, and strategically located loft apartment in the historic Palace District, ideal for investors seeking strong rental returns, long-term appreciation, and a foothold in one of Budapest’s most improving and culturally rich neighborhoods.
A rare opportunity to acquire a character property in a central, historic, and high-demand location - ready to use or rent out immediately.
Interested in this property? For further details or a private consultation, please don’t hesitate to contact us:
William McKenna Consultants – Budapest
Christofer Pecoraro
36 30 472 3319
info@william-mckenna.com
Our Services:
• Residential & Commercial Property Sales
• Rental & Property Management
• Interior Design & Renovation
• Legal Assistance & Purchase Permits
• Residence Permits
• Investment Advisory & Project Development
• Company Formation & Business Incorporation
• Corporate Representation
• Accounting & Financial Services
