Studio Apartment in the Old Town, Lodz

An opportunity to invest in a studio apartment in the city of Lodz, Poland. This investment will include the fully-managed service by Propdo.


A studio apartment in the "Drewnowska 77" residential project, which is being constructed by Tree Development Group in the Old Town district (Stare Miasto). The project is located right in the heart of the Old Town, near the Manufaktura complex, a walking distance from the city's entertainment and cultural centers.

Studio Apartment in the Old Town, Lodz

An opportunity to invest in a studio apartment in the city of Lodz, Poland. This investment will include the fully-managed service by Propdo.


A studio apartment in the "Drewnowska 77" residential project, which is being constructed by Tree Development Group in the Old Town district (Stare Miasto). The project is located right in the heart of the Old Town, near the Manufaktura complex, a walking distance from the city's entertainment and cultural centers.

Apartment Price
210,554 złoty

Apartment Size + Balcony
29.87 sqm + 3.36 sqm

Parking  
Without

Floor
1

Finishing Costs  
53,766 Zloty

Delivery Date  
Fourth Quarter 2022

Legal Costs  
8,000 Zloty

Developer  
Tree Development Group

Propdo Fees  
5% + VAT

Payment Plan  
Depending on construction

Total Investment
288,251 Zloty

Projected IRR
10-12% + Capital Gains

Apartment Price
210,554 złoty

Apartment Size + Balcony
29.87 sqm + 3.36 sqm

Parking  
Without

Floor
1

Finishing Costs  
53,766 Zloty

Delivery Date  
Fourth Quarter 2022

Legal Costs  
8,000 Zloty

Developer  
Tree Development Group

Propdo Fees  
5% + VAT

Payment Plan  
Depending on construction

Total Investment
288,251 Zloty

Projected IRR
10-12% + Capital Gains

jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg jacek-dylag-579738-unsplash.jpg

Poland’s entrance into the European Union (EU) in 2004 has seen more positive trends in terms of the country’s development. Since 2004, the Polish economy has been consistently increasing, whilst displaying good growth rates. Today, just over 15 years following its entrance to the EU, it is defined as the strongest economy in Eastern Europe.


Following the fast growth of Polish economy, Forbes Magazine has recently stated that “Poland is one of the world economy’s great success stories right now”. Additionally, according to a report published in 2018 by Ernst & Young, Poland is breaking new ground as the most attractive destination among all Central and Eastern European countries (CEE) for real estate investments.

lodz.jpg lodz.jpg lodz.jpg lodz.jpg

Lodz is the third largest populated city in Poland, with 700,000 inhabitants. It's located centrally and is around 45 minutes from the capital city by car and in 2017, the city of Lodz underwent a severe urban development process, renovating almost every corner of the city centre.

Thanks to the geographical location of the city in central Poland, Lodz has in recent years become one of the most desirable development destinations, and is the most important transport centre in the country. The government established the Polish Central Railway Terminal in the city of Lodz, and is a critical axis both in connection with the main cities of the country and in connecting Poland with other European countries.

With national and European investment, Lodz is undergoing gentrification and redevelopment to become another leader in technological, scientific and service-based industries.


Lodz property prices are still cheap compared to prices in Warsaw, despite the fact that the geographical distance between them is not great. An advantage of investing in Lodz is the possibility of investing in the heart of the city at prices significantly lower than the City of Warsaw, while still enjoying high rental yields. The city benefits from excellent transport links, connecting both the residential and commercial districts.

Old City.jpg Old City.jpg Old City.jpg Old City.jpg

The Old City is located in the heart of Lodz and its streets are the oldest in the city. The charm of the Old Town is reflected in centuries-old construction, in addition to the reconstruction of existing buildings, alongside impressive modern architecture.

In the area you can find the main market, the church square, the old city park, restaurants, pubs and many points of interest. It is one of the most visited districts in the city by tourists and locals alike. A focal point in the Old City is the Manufaktura complex - a backdrop of impressive buildings that have been transformed from industrial plants into a huge modern shopping and entertainment complex. The Manufaktura is an exceptional and unique urban centre and serves the residents of the city and those outside it. The complex has over 300 brand shops and boutiques, restaurants, cinema, theater and even a museum.


In a report compiled by Cushman & Wakefield, one of the world's largest real estate corporations, the city has received a number of mentions when it comes to friendliness toward real estate investors. It states that housing prices in the Old Town Lodz are 60-70% lower than the prices in Warsaw's Old City, indicating the potential for rising property values ​​in the area

The Developer.jpg The Developer.jpg The Developer.jpg The Developer.jpg

Characteristics: 77 Drewnowska is a four-building residential complex, comprised of apartments ranging from 29 to 100 sqm and each apartments has a balcony or a terrace. The project is surrounded by green landscape and the eastern side overlooks St Joseph's Park and its western side faces the municipal park.


Location: The project is located on Drewnowska Street in the Old City, right in the historic centre of the city and near the market square, surrounded by green areas and parks, and opposite the impressive Manufaktura complex, with plenty of entertainment for tourists and locals.


The Developer: Tree Development Group has been operating in the local market for over a decade and currently sells on average every fifth apartment in Lodz. The company has ventures in various cities in Poland, including Warsaw, and works alongside the largest banks in the country.

Returns.jpg Returns.jpg Returns.jpg Returns.jpg

Capital Gain

Rental Yield

  • According to a report compiled by consulting firm Deloitte, Lodz stands out with a higher rental yield of 7.2% per year on average than other cities in Poland.

FAQs

All you need to do is click "continue" follow the steps, agree to the terms of our Management Agreement and click invest. We will manage everything from there. If you have any questions about the process or our management agreement, contact us here.

After you decided to invest through our platform, our representatives will contact you in order to guide you through the next stage of the process.

The next step may involve meeting with a notary at a location (in your home country) convenient for you, and to sign a Power of Attorney in his presence. This allows us to represent and facilitate the investment process for you.

Following from this, you’ll be requested to transfer the investment amount to the dedicated ancillary account, in accordance with the amortization schedule. In addition, you’ll be required to transfer the management and platform service fees.

One of the main benefits of using our platform to procure new property investments is the use of our management services.

Our management services includes the stewardship of the entire buying process, negotiations with the property developer, interior designers and contractors, procuring a suitable tenant and ongoing general management of the property. In addition, we'll help you set up a bank account, obtain a mortgage, if possible, and perform all the legal legwork.

In a nutshell -- with your investment you will receive:

  • Full management of the procurement process
  • Organisation of all legal and bureaucratic procedures
  • Regular construction updates
  • Flexible payment plans
  • Fully-managed after purchase; including tenant sourcing & general management
  • A central dashboard for all your investments

No. There is no need to transfer a credit card nor a bank account number on the website. All the payments within the framework of the purchase are carried out by personal bank transfers.

 |