| Type | Block of flats |
|---|---|
| Living area approx. | 213 m² |
| Bedrooms | 3 |
| Rooms | 9 |
|---|---|
| Bathrooms | 3 |
| Plot area | 532 m² |
|---|---|
| Usable floor area | 75 m² |
| Purchase price | 349.000 € |
|---|---|
| Price per m² | 1,639.19 €/m² |
| Commission | 2,98% (2,98 % inkl. MwSt.) |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
The initial payment is estimated as loan amount × (interest + repayment) ÷ 12. Individual lending terms, special repayments and further fees are not included. Tax, notary and agent costs may differ in your case. This is not a financing offer or financial advice.
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More financing calculators and assumptions**Solid Three-Unit House in Bad Hönningen – Attractive Investment with Increased Depreciation**
This solidly built three-unit house from 1937 offers investors a sound combination of substance, rental potential and tax advantages. On a plot of approx. 532 m², approx. 212 m² of living space and approx. 74 m² of usable space are available. The well-maintained garden, several parking spaces and the full basement with separate basement rooms and washing-machine spaces for each unit increase its attractiveness to tenants.
**Layout**
- Ground floor: approx. 78.77 m², 3 rooms, rented
- Upper floor: approx. 83.73 m², 3 rooms, vacant, partially renovated
- Attic: approx. 54.23 m², 2 rooms, vacant, well-maintained
The ground- and upper-floor apartments are well-maintained, but no longer up to date in all areas. The upper floor received a modern bathroom and new doors in 2018; the attic makes a friendly impression and should be easy to rent.
**Features and Technology**
- Solid construction, built in 1937
- Energy efficiency class D
- Full basement, separate connections and storage areas
- Well-maintained garden, several parking spaces
- Oil heating from 2019
- Modernizations in 2018: bathroom and doors on the upper floor, water meters, hot- and cold-water pipes
**Rental and Rental Potential**
- Ground floor: current net cold rent €420, increase of 20% possible after transfer of ownership
→ planned rent: €504/month
- Upper floor: conservative new rental at approx. €8.50/m² → approx. €712/month
- Attic: conservative new rental at approx. €8.50/m² → approx. €461/month
The two vacant units can be rented quickly and on attractive terms.
**Purchase Price, Costs and Return**
- Purchase price: €349,000
- Real estate transfer tax (5.0%): €17,450
- Broker’s commission (2.98%): approx. €10,400
- Notary and land registry (approx. 2.5%): approx. €8,725
Total investment including additional costs: approx. €385,575
**CURRENT RETURN (ground floor at €504, upper floor/attic rented at €8.50/m²)**
- Monthly net cold rent: €504 + €712 + €461 = €1,677
- Annual net cold rent: €20,124
- Gross return on total investment: approx. 5.2%
**TARGET RETURN (fully rented at €9.00/m²)**
- Ground floor: approx. €709/month
- Upper floor: approx. €754/month
- Attic: approx. €488/month
- Annual net cold rent: €23,412
- Gross return on total investment: approx. 6.1%
In addition, an increased depreciation of around 4.76% p.a. on the building was reviewed in advance by a partner, which makes the investment particularly for investors significantly more attractive from a tax perspective.more interesting.
**Conclusion**
A solidly constructed three-unit house with a sound foundation, clear rental prospects, attractive gross yields, and increased depreciation—ideal for investors seeking a stable long-term investment with room for development, as well as for buyers who wish to occupy one unit themselves and rent out the remaining apartments.
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