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New apt in Warsaw - Advice needed please!



paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 11:13 /  #
Hi All,

I am considering buying an apartment in the Ochota area of Warsaw for €150k.

Do you think this is a good area? rental potential?

Any advice would be great thanks
daffyThreads: 40
Posts: 2,118
Joined: Feb 5, 07 		  Mar 31, 07, 11:16 /  #
id recommend you fly over and look at any investment with your own eyes before parting with such money.
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 11:25 /  #
Thanks, do you know where the Ochota area is? is it a nice location, proximity to the city centre?

Any advice would be greatly appreciated.

Cheers
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 12:04 /  #
is it located in the ochota region. would you recommend buying there.

Thanks for your help!
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 12:21 /  #
Mar 31, 07, 12:21pm - Attached on merging:
New apt in Warsaw - Ochota region - advice needed please!

Hi all,

I am considering buying an apt in the ochota region of warsaw for €150k.

can someone please tell me if the region is nice? rental potential? etc

Thanks very much!
helloThreads: 37
Posts: 1,104
Joined: Dec 5, 06 		  Mar 31, 07, 12:23 /  #
How many square meters? Which year was the apartment built? Does it have a parking space?
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 12:36 /  #
84 square meters and includes parking space. it wont be built till 2009.

Do you think this is good?
BubbaWooThreads: 46
Posts: 4,438
Joined: Sep 26, 06 		  Mar 31, 07, 12:39 /  #
seems about 7 tys sqm which isnt bad for warszawa

ive never heard of ochota but i dont really know wawa... have you checked what local prices are on the net?
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 12:40 /  #
thanks for your help.

Do you know any good websites for reseaching prices?
BubbaWooThreads: 46
Posts: 4,438
Joined: Sep 26, 06 		  Mar 31, 07, 12:48 /  #
see what you can find on these - if no good then google.pl or yellowpages.pl : nieruchomosci warszawa

mamdom.com/home.php?u_usern=&u_userp=
domiporta.pl/pl/nieruchomosci/start.asp
wgn.org.pl/
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Mar 31, 07, 14:27 /  #
Thanks for your help bubba!
Kasia13   Apr 1, 07, 08:00 /  #
What street?
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Apr 1, 07, 10:40 /  #
Its on Solinska Street and 1 Sierpnia Street crossroads, do you know this area?
Kasia13   Apr 1, 07, 12:46 /  #
Yes Im from Warsaw
It can be, not bad but not pretty good

Stara Ochota (Old Ochota) is the best localisation - Uniwersytecka, Filtrowa, Plac Narutowicza
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Apr 1, 07, 14:53 /  #
Thanks for your help!

Would you think 150k for a 78sq apt is good value?

Do you think that it property prices in the area will appreciate in value?

Thanks again for all your help
helloThreads: 37
Posts: 1,104
Joined: Dec 5, 06 		  Apr 1, 07, 15:26 /  #
78 sq is not a large one. But I guess it's a Polish standard. I guess that's a good investment.
Kasia13   Apr 2, 07, 03:02 /  #
In my opinion better is to buy smaller apartaments(about 40 sqm) - more biger apartament more dificcult to let.
For that price you can find a house on the suberbs of Warsaw (20 km from the centre) .
Many people sell their apart. and start to think about buying or building the house.
paddy111199Threads: 1
Posts: 9
Joined: Mar 31, 07 		  Apr 3, 07, 15:02 /  #
Apr 3, 07, 3:03pm - Attached on merging:
Ochota area in Warsaw

Hi can anybody any advice on apartments in the ochota area of warsaw.

Thanks very much!!
goldigger   Apr 16, 07, 04:13 /  #
buddy try buying commercial real estate residential sux to collect rent all over the world and poland is no exception
PolanglikThreads: 40
Posts: 883
Joined: May 16, 07 		  May 20, 07, 15:50 /  #
Hi Paddy,

At the moment. the way prices are rising, and with much investment going into Warsaw, i don't think you can go too far wrong in buying anywhere in Warsaw.

However, i would agree with Kasia13's comment about purchasing a smaller size apartment. The optimum size is between 40-60m2. (Studios or 1 bedrooms); these would be easier to rent.

However with smaller sized apartments being the most popular, they are also the hardest to buy. When developemnts go on sale, it is the smaller units that get snapped up first.

Good luck with your purchase !
StephenBarnesThreads: -
Posts: 6
Joined: Apr 27, 07 		  May 20, 07, 16:46 /  #
I think you'd do best to invest elsewhere in Poland, unless you have a reason to invest there. You will get good information from the RedNet site.
Adam Maj   Jul 29, 07, 17:17 /  #
Hi,
Why are you thinking about Ochota? Ursynow is much better with underground railway and easy connection to the city centre, especially apartments along KEN street/
Rates would be between 10.000-12.000 per square metre in case of apartments ca. 50 square metres
Regards
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