1.5-room condominium with balcony and underground parking space in Hamburg-Wandsbek

Key facts

Purchase price & costs

About this apartment

This 1.5-room condominium is located on the second floor of a multi-family building constructed in 1995 on Begonienweg, a quiet, traffic-calmed residential street in Hamburg’s Wandsbek district. With 48.56 m², the apartment offers a compact, functional layout with a balcony, kitchen, bathroom, and hallway. The entire property is supplied by a central gas heating system.

The apartment has been permanently rented since 1999 (net cold rent: €619.14/month, statutory notice period) and is therefore suitable both for investors seeking stable, long-term rental income and for owner-occupiers with a long-term perspective. The property requires renovation, which is already reflected in the purchase price and gives buyers scope for individual modernization and value appreciation.

The apartment also includes an exclusive basement storage room and its own underground parking space, providing a weather-protected and secure parking space directly in the building—real added value in this location. There is no elevator in the building.

For investors: At the current net cold rent, the apartment achieves an attractive gross rental yield and offers predictable income through the long-standing, stable tenancy without rental risk from the date of handover.

For owner-occupiers: As the tenancy has existed since 1999, the statutory notice period of up to 9 months applies in the event of termination due to the owner’s personal use. Alternatively, the apartment is ideally suited to initially taking it over as a rental property and using it yourself later.

Note: To protect the tenant’s privacy, no interior photographs of the apartment are published in this listing. The energy performance certificate will be presented during a viewing.

Fittings and features, as described

The parking space is included in the purchase price.

Location

Location details

Begonienweg is located in the Wandsbek district (postcode 22047) – an established, green and popular residential area in northeastern Hamburg. The street itself is a quiet, traffic-calmed residential access road with a 30 km/h zone, paved roadway and sidewalks on both sides – ideal for families and anyone who prefers peace and quiet after work without having to sacrifice good connections to Hamburg city center.

The immediate surroundings are characterized by well-maintained residential streets with predominantly apartment buildings, plenty of greenery and short distances to local amenities: supermarkets, doctors, pharmacies, daycare centers and schools can be reached quickly on foot or by bicycle. Wandsbek center, with the Wandsbek-Quarree shopping center, numerous shops, cafés and restaurants, is only a few minutes away and meets virtually all everyday needs.

Excellent public transport connections:

The “Friedrich-Ebert-Damm (West)” bus stop can be reached in only approx. 4 minutes on foot – from there, routes 8, 16 and 171 provide direct connections to the surrounding districts and the nearest rapid-transit stations.
Wandsbek-Gartenstadt subway station (U1/U3) can be reached in approx. 14 minutes on foot or in a few minutes by bus – from here, the U1 takes you directly and without changing trains to Hamburg city center (Jungfernstieg), as well as onward toward Alstertal, Volksdorf or Norderstedt.
Alternatively, Wandsbeker Chaussee station (U1, S1), with subway and suburban railway connections as well as additional bus routes, can be reached in a short travel time and offers particularly fast connections both to the city center and toward the airport and central station.
This means that the daily commute to the city center, as well as connections to Hamburg Central Station and the airport, are convenient without a private car and with short service intervals – a clear advantage for both commuters and tenants, further enhancing its letting potential and thus its appeal as an investment property.