| Type | Flat |
|---|---|
| Living area approx. | 58 m² |
| Bedrooms | 1 |
| Rooms | 2 |
|---|---|
| Bathrooms | 1 |
| Usable floor area | 58 m² |
|---|
| Purchase price | 99.995 € |
|---|---|
| Price per m² | 1,724.05 €/m² |
| Commission | no commission for buyers |
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 assumptionsA good investment does not have to be loud. What matters instead is a functioning location, a sought-after layout and a tenancy that has proven itself over many years.
The offered condominium in Velbert meets precisely these requirements.
With approx. 58 m² of living space, it offers a classic and practical layout comprising a living room, bedroom, kitchen, bathroom and balcony. The apartment is located in a well-maintained apartment building and has been reliably rented since 2007. The existing tenancy is to be continued, making the property particularly suitable for investors seeking a property rented on a long-term basis.
Proven layout – sustainably rentable
The apartment’s size and layout appeal to a broad target group. From the living area and separate bedroom to the private kitchen, all rooms are clearly separated and practical to use.
The bright living room forms the centre of the apartment and provides direct access to the balcony, which extends the living space with a private outdoor area. The bedroom, kitchen and bathroom complete the accommodation.
The apartment is in need of renovation and therefore offers potential to modernise its fittings and design in the future. For investors, it is particularly interesting that comparable apartments within the building are, based on experience, in strong demand and regularly attract corresponding demand when re-let.
Note regarding the images: Individual images in the exposé show non-binding visualisations of a possible renovation and furnishing. They are intended solely to illustrate the design potential and do not reflect the property’s current condition. The original photographs also shown, as well as the actual condition at the viewing, are decisive.
Well-maintained building – modernised common property
Not only the apartment itself, but also the building is crucial when considering an investment over the long term. Overall, the apartment building presents itself in a well-maintained condition.
In 2012, significant work was carried out on the common property. This included renovating the façade and completely refurbishing the stairwell.
A lift provides convenient access to the apartment and also increases its appeal to different Tenant groups. Each residential unit also has its own basement storage room; a communal bicycle basement provides additional storage space.
Rented for many years – interesting for investors
The apartment has been rented since 2007 and currently generates monthly rent of €356.50. The long-standing tenancy is intended to continue after the change of ownership. The apartment includes a garage.
This means that investors are not acquiring a vacant apartment for which a suitable tenant must first be found, but rather a property with an already established tenancy.
At the same time, the apartment’s current condition offers long-term prospects: Should a change of tenant occur at a later date, necessary renovation and modernization measures can be carried out in a targeted manner, after which the apartment can be repositioned in line with current standards.
An investment with a clear perspective
Approx. 58 m² of living space, a proven floor plan, balcony, lift and a well-maintained apartment building come together here with a tenancy that has already existed for many years.
For investors, this creates an interesting combination of ongoing rental income and long-term development potential. An apartment that is reliably rented today while also offering opportunities for tomorrow.
Solid reserves and manageable service charges
The monthly service charge is currently approx. 210 euros, of which around 44 euros are non-recoverable costs. In addition, approx. 75 euros per month is allocated to the maintenance reserve. As of 31 December 2024, the owners’ association’s maintenance reserve amounted to a total of around 325,000 euros; the share attributable to the apartment at that time was 8,993.30 euros. The owners’ association therefore has a solid financial reserve for future maintenance measures.
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