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| Type | Block of flats |
|---|---|
| Living area approx. | 839 m² |
| Year built | 2023 |
| Rooms | 32 |
|---|
| Plot area | 1088 m² |
|---|
| Purchase price | 2.400.000 € |
|---|---|
| Price per m² | 2,861.64 €/m² |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsThis property is not a classic existing apartment building, but a nearly newly created residential property on an exceptionally solid structural basis.
Originally built in 1969, the building underwent a comprehensive core renovation in 2023 and was largely rebuilt. Today, the property presents itself as a modern apartment building with 8 residential units and approx. 839 m² of living space.
Substance of rare value
As a former bank building, the property impresses with an unusually solid, security-oriented construction method for residential properties.
The resulting advantages:
* excellent sound insulation
* high structural stability
* noticeable quality and security
In the basement, the partially preserved vault and safe deposit box facilities underscore the special character and offer additional usage possibilities.
Core renovation - technically up to date
During the renovation, almost all trades were renewed:
* new electrics as well as water and wastewater pipes
* new heating installation incl. radiators
* new windows, doors and bathrooms
* high-quality vinyl floors
This creates a modern technical basis with reduced maintenance risk.
Residential concept with differentiation
The 8 units (approx. 87 m² - 140 m²) offer broad usability and strong rental potential.
Particularly noteworthy:
* maisonette/split-level apartments on the ground floor with house character and terraces
* classic, easily rentable floor apartments
* penthouse apartment with two roof terraces as a premium unit
The maisonette units also offer the option of adapting toward barrier-reduced living (e.g. through internal lift systems) - without conceptually committing the property.
Parking spaces & additional areas
* 8 parking spaces (4 garages, 4 outdoor parking spaces)
* basement rooms and storage areas in the basement
A clear advantage for rental potential.
Completion status - opportunity instead of risk
The property is in the final stage of completion:
The building permit is in place, final acceptance is still pending.
Remaining work approx. EUR 100,000 - to be completed by the buyer.
This is precisely where the added value lies:
- influence on the final execution
- targeted value increase before full rental
Conclusion
Exceptional substance meets modern technology and strategic scope.
A property for buyers who do not just want to invest, but want to develop and position it in a targeted way.
The property is located in Velbert and impressesthrough a balanced combination of functional infrastructure, stable residential demand, and an established environment - exactly the factors that are crucial for capital investors in the long term.
The micro-location is characterized by good transport connections. Via the surrounding main traffic arteries, both the neighboring cities and the economically strong centers of the region are quickly accessible. At the same time, the existing connection to local public transport ensures flexible mobility even without your own car .
A key location advantage lies in the everyday infrastructure:?shopping facilities, schools, kindergartens, and facilities for daily needs are within comfortable reach and ensure high attractiveness for different tenant groups - from families to commuters .
Despite the good accessibility, the immediate surroundings offer a pleasantly quiet residential atmosphere with an established neighborhood structure. Green spaces and the overall relaxed environment additionally contribute to the quality of living and create an important balance to the urban connection .
It is precisely this combination of accessibility, everyday practicality, and residential tranquility that ensures sustainably stable demand in the rental market and minimizes structural vacancy risks.
Classification from an investor's perspective
Velbert is located in the economically strong area between the metropolitan regions of Düsseldorf, Essen, and Wuppertal and thus indirectly benefits from their labor markets and infrastructure. For capital investors, this means:
* solid, continuous rental demand
* broad target group appeal (commuters, families, best agers)
* not a speculative, but a functioning residential location
The location is therefore not a short-term trend, but a reliable component of a sustainable investment concept.
Conclusion on the location
A classic strong location without experiments:?well connected, fully developed in terms of infrastructure, and at the same time pleasantly quiet.
Exactly the kind of location that does not have to seem spectacular to investors - but works permanently.
* Apartment building with 8 residential units
* Approx. 839 m² total living space
* Original year of construction 1969, technical year of construction 2023
* Former bank building with an exceptionally massive, bunker-like construction method
* Nearly complete renewal of all trades (electrics, pipes, heating)
* New windows with improved sound and thermal insulation
* High-quality modernized bathrooms in all units
* Modern vinyl flooring in all apartments
* Different residential concepts: maisonette/split-level and apartment units
* Top-floor apartment with two roof terraces as a premium unit
* Partly terraces and balconies facing the quiet rear side of the building
* 14 parking spaces (4 garages + 10 outdoor parking spaces)
* Basement with cellar rooms, storage areas as well as former vault and safe-deposit facilities
* Property in the final completion phase - remaining work approx. EUR 100,000, acceptance by buyer
If you are interested further, please give us your feedback. Afterwards, we will provide you with the documents already available to us for the acquisition review.
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address and telephone number - thank you!
To arrange a viewing appointment, after internal coordination with the seller, proof of liquidity or an initial financing commitment is required.
We will be happy to answer any initial questions about the property by phone in advance. We look forward to a constructive exchange.
The property description is based entirely or in part on information provided by the
owner. We do not assume any liability for the accuracy or completeness.
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