Where urban convenience meets a vibrant lifestyle – a modern home with a balcony close to universities

Looking for a home or an investment opportunity in a recently built apartment building with excellent transport links, close to the city centre and several universities? Let me introduce you to this bright, welcoming and peaceful apartment in Magdolna Ház.

The apartment is located at 38 Magdolna utca, in an area of Budapest’s District VIII undergoing ongoing regeneration. Easily accessible by car and public transport, it offers quick connections to the city centre. Several bus and tram routes serve nearby Teleki tér, while the M4 metro station at II. János Pál pápa tér is within walking distance. Keleti railway station is just a few tram stops away, offering connections to the M2 and M4 metro lines, as well as domestic and international rail services.

Everyday amenities are within walking distance: Lidl and Teleki Market are just a few minutes’ walk away, with additional shops and services in the surrounding streets. Several universities, as well as nurseries and schools, are also within easy reach.

The apartment is situated in a well-maintained residential building with six upper floors, built of brick in 2021 and fitted with external wall insulation. The building remains in excellent condition, with CCTV on every level, including the underground garage. A spacious, regularly serviced lift provides convenient access to the upper floors.

This modern, 44 m² apartment is located on the second floor. Its southwest-facing windows and 5.45 m² balcony overlook the building’s inner courtyard. Large windows fill the living room with natural light, while the courtyard setting provides a peaceful environment for relaxing, studying, or working from home. The balcony is an ideal spot for morning coffee or evening conversations. The apartment comprises an open-plan kitchen and living area, a separate bedroom, and a bathroom with a toilet. Its practical layout offers comfortable living for singles and couples alike.

The windows feature triple glazing. Heating and hot water are supplied by a communal system, with fan-coil units providing heating and summer cooling. Heating, water, and electricity consumption are individually metered, and there is no gas connection to the property. The apartment has a B energy rating, with low utility costs of approximately HUF 16,000 per month, including a monthly heating payment of HUF 6,309.

Built-in appliances are included in the purchase price, while the remaining furniture is available by separate agreement. An underground parking space can also be purchased separately for an asking price of HUF 8 million. On-street parking is subject to charges.

Monthly common charges are HUF 15,600 for the apartment and HUF 1,080 for the parking space. The apartment is currently let. For buyers wishing to make it their own home, the tenant will vacate within two months, after which the apartment will be available to move into.

For investment buyers, the current tenant would be happy to stay, offering the potential for a seamless continuation of the tenancy without having to find a new tenant.

We recommend this property to buyers seeking a modern apartment with a balcony in a recently built residential building, within easy reach of city amenities and universities. It is an ideal choice as a first home for an individual or couple, a home for the university years, or a long-term investment.

Don’t decide based on photographs alone – explore the apartment on a virtual tour, then come and see it in person! Please feel free to call me; I am available seven days a week.