Renovation-Ready Grand Bourgeois Apartment in the Palace District (Palotanegyed)

Somogyi Béla utca 20, Budapest, VIII. District
Price 129.900.000 Ft
Ref: RMXH-5B8B1A
Property Details
• Price: 129.900.000 Ft
• Price/sqm: 832.692 Ft
• Official Size: 156 m2
• Actual Size: m2
• Property Type: Apartment
• City: Budapest
• District: VIII.
• Rooms: 4
• Floor: 3
• Floor: 3
Property Description
A grand bourgeois apartment with excellent features, located in a four-storey building with a lift, in a sought-after part of the Palace District (Palotanegyed).

The 156 sqm, third-floor apartment has four rooms and requires full renovation. Its layout, however, holds so many possibilities that the renovation offers real freedom of design.

Three of the four rooms face the street, making the apartment bright and well lit by the sun. The fourth room is larger than 50 sqm, which makes it as big as many city-centre apartments on its own. The 3.9-metre ceiling height creates a true loft atmosphere and may also allow for the creation of a gallery.

As a home for your own use, you can create an impressive, spacious living room with an open-plan kitchen, bedrooms, a study, and even a gallery solution. Two entrances open from the hallway, so the apartment can also be converted into two separate apartments, each larger than 70 sqm. The apartment comes with a bathroom, a separate WC, and a private storage room in the basement.
Location Description
The Palace District is one of Budapest’s most characterful neighbourhoods. It was built in the mid-19th century by aristocrats and wealthy citizens, and today it is a renewing, increasingly sought-after inner-city area. The apartment is located on Somogyi Béla Street, which means the buzz of the city centre is within easy reach, yet the streets are a little calmer than the Grand Boulevard (Nagykörút).

The value of the area is also enhanced by its renewed building stock and improving public spaces. In recent years this street has been beautified, planted with trees, and made more pedestrian-friendly.
Other Description
Transport is excellent. Blaha Lujza tér and Rákóczi tér are reachable within minutes: here you will find metro lines M2 and M4, tram lines 4 and 6, and numerous bus routes also stop in the area. Any part of the city can be reached quickly without a car. Keleti Railway Station, Deák Ferenc tér, and the Grand Boulevard are all conveniently accessible.

Shopping and everyday errands are practically at your doorstep. The neighbouring, renovated Corvin Department Store (Corvin Palace) is one of the area’s icons. It is home to Time Out Market, where you can choose from the offerings of several kitchens. Corvin Plaza and Europeum are also nearby, and along the Grand Boulevard you will find a string of grocery stores and everyday services.

The gastronomic offering is also rich: cafés, bakeries, bars, and restaurants line the surrounding streets, as well as Rákóczi út and the direction of Múzeum körút. From morning coffee to dinner, everything is within walking distance.

There is no shortage of green spaces and cultural venues either. The Hungarian National Museum garden, Mikszáth Kálmán tér, and Gutenberg tér are all reachable on foot, and a little further away, Orczy Garden and the Ludovika area offer a larger park for relaxation. The proximity of the National Museum, the Hungarian Radio building, and the university quarter also gives the area a cultural and youthful atmosphere.

We look forward to your enquiry to arrange a viewing at a time that suits you!
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