Property Code: 7-498.In one of the most consistently rising areas of the Athenian Riviera, Palaio Faliro — just minutes from Flisvos Marina, Trokantero Park and the Stavros Niarchos Foundation — a small but highly strategic investment opportunity is presented: a 27 sq.m. studio with a clear purpose — redesign and value creation.Located on the ground floor of a three-storey 1968 apartment building, the property unfolds as a single open-plan living/sleeping area with a kitchen zone at the entrance and a separate bathroom featuring a shower and provision for a 45 cm washing machine. While fully functional in its current state, this apartment is aimed at those who recognise the potential of a well-executed “before and after”.With targeted renovation, it can be transformed into a contemporary micro-apartment of high aesthetic appeal — ideal for rental income or personal use. Technical features include aluminium double-glazed windows, a security door, tiled flooring, air conditioning, and exceptionally low common expenses of just €8 per month. Outside, there is a shared courtyard area that adds an unpretentious, almost neighbourly feel to what is otherwise an urban setting.Location Is Everything.The real value of this property lies not in its present form, but in where it sits. It is in close proximity to the Agia Skepi and Panagitsa tram stops, Trokantero Park, the coastal promenade, Flisvos Marina, and just a six-minute drive from the Stavros Niarchos Foundation.Palaio Faliro remains one of the few areas in Athens where daily life moves at the pace of the city yet breathes with sea air. This translates into steady demand — both for rentals and resale.Investment Perspective.Price: €69,000 → approximately €2,555/sq.m.Current market in Palaio Faliro:Renovated small units average between €3,200 – €4,500/sq.m., while rents for small studios range from €450 – €650 per month.Scenario 1 – Light Renovation:Cost: €8,000 – €12,000.Target rent: €400 – €480/month.Yield: ~7% – 8.5%.Scenario 2 – Full Repositioning (design-led):Cost: €15,000 – €22,000.Target rent: €550 – €650/month (or short-term).Yield: ~9% – 11%+.Scenario 3 – Resale Play:All-in cost: ~€90,000.Potential exit value: €110,000 – €130,000.Upside: €20,000 – €40,000.With the right architectural approach — for example, maximising light with a new entrance/glazed element, smart storage solutions and minimalist design — this studio can be fully repositioned in the market as a “boutique coastal studio”.This is not a ready-made product. It is a transformation opportunity in a location that needs no introduction. For the investor who is not afraid to look beyond the obvious, this property serves as a blank canvas.And in Palaio Faliro, canvases this close to the sea rarely remain unexploited — especially when PANTOU REALTORS is looking after them.