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Lőrinc pap tér 3 bedroom apartment

District VIII., Palotanegyed
€ 133 800 000€ 1 194 643 / sqm
112Size (sqm)

Listing description

We are offering this renovation needed apartment for sale in the 8th district in a hidden square which is located in the Palace area or called Magnetes Quarter. The pedestrian street Krúdy which connects to this small square has many restaurants and coffee shops as well Mikszáth square which also a lovely space. From the property there is an amazing view to the Church, the statue of Zichy Nádor the square and the trees. On the left hand side there is the Hotel called Palazzo Zichy which is also a beautiful building and its lighted up at night. On the there is also a fantastic neo renaissance building called the Ráthonyi-Reusz Palace which was renovated within a couple of years and also lighted up at night.

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Renovate with Leo Hunts

Finding your dream home in Budapest can sometimes be challenging since the city's central neighbourhoods are full of properties that have received too little love over the past few decades. Therefore we teamed up with Renovie, a full-service architecture and construction practice specialising in contemporary residential design and precision building, to help you transform this worn-out property into your new home. Talk to your agent to find out more.

Property Details

Apartment Condition:Renovation Needed
Building Condition:Excellent
Property Type:Apartment
Common Cost:€ 29180
Investment Type:Buy reno sell
Expected Yield:5%


Circo Heating
High Ceilings


Leo HuntsLőrinc pap tér 3 bedroom apartment

District VIII.

While District VIII has some less appealing areas, the Palace District stands out from the rest.
This lower area of District VIII has much to offer in terms of cultural interest and beauty.

With its wide, tree-lined streets, this part of the city feels distinctly different from the surrounding areas. Many university buildings can be found here, bringing a young, vibrant energy along with beautiful architecture. As the name Palace District would suggest, palaces built in the 19th century, generally of neo-baroque style, line the streets. Today, these grand structures have been converted into hotels, libraries, and residences, offering a luxurious charm to the area.

The Hungarian National Museum stands on the edge of the district, with its newly-restored grounds, perfect for a stroll or sitting on a bench with a book.

Mikszáth Square is the heart of the Palace District together, with its exciting shops, yummy food options, and outdoor bars. In the summer, the young artists of the city flock to this square to sit at the outside tables and enjoy the weather.

While the restaurant options may not be as varied as in other parts of the city, the establishments that are here are well-loved and very good. The cafes and teahouses in this district are truly special, from the eclectic Sirius to the modern Lumen.

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What to expect

The Palace District has beautiful and clean streets flanked by elegant buildings. The area is, for the most part, pretty quiet, and most of the places close early in the evening.

What not to expect

While there are trees and lovely small parks, it does not have the large green spaces as in other districts. In terms of historical and cultural sites, this district does not have much to offer.

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