Location & Context
- 2040 Budaörs, Szirom utca 13-17
The project is located in Budaörs (2040 Budaörs, Szirom utca 13-17), a premium suburb situated in the Buda Hills, west of Budapest’s District XI.
Budaörs is considered one of the most affluent municipalities in Hungary due to its strategic location and high standard of living. The city has a population of approximately 29,000 and offers direct access to the M7 motorway (leading to Lake Balaton and Southern Hungary) and the M1 motorway (leading to Vienna and Bratislava).
Development Concept
We acquired three adjacent plots ranging from 680 to 740 m² to implement a cohesive residential development. In accordance with the local master plan, each plot allows for the construction of one townhouse with a total area of approximately 200 m², plus balconies and terraces.
Technical Specifications
- Structure: Each building consists of two separate apartments (100 m² + 100 m²).
- Layout: Flexible floor plans tailored to buyer preferences (Living room + Kitchen + 2 large bedrooms OR Living room + Kitchen + 1 large and 2 smaller bedrooms).
- Energy Efficiency: The construction utilizes modern insulation materials and energy-saving solutions.
- HVAC: Heating and cooling are provided by high-efficiency heat pumps.
Investment Economics & Business Plan (Per Unit)
We manage the project with a focus on cost optimization and market value.
- Land Cost: €100,000 (40,000,000 HUF)
- Permits & Design: €7,500 (3,000,000 HUF)
- Construction Cost (Turnkey): Estimated at €1,200–1,350 per m². Total for 200 m² is approx. €240,000–270,000.
- Total Project Cost: ~€377,500
Market Analysis & Return
Current market prices for new townhouses in Budaörs start from €2,700–2,850 per m² (according to www.ingatlan.com data).
- Projected Revenue: €2,700 × 200 m² = €540,000
- Estimated Gross Profit: ~€162,500 (before tax)
Sales Strategy
Sales can commence immediately upon the start of construction. However, to maximize the market value and ROI, our strategy is to reach the “Shell & Core” stage (completed structural frame, roof, and glazing) before opening active sales.
