Stylish listed property with three residential units and high-quality features!

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Selling Price & Extra Costs

About this dream house

Property Description

This exceptionally well-maintained, heritage-listed mid-terrace house is situated in a quiet residential location in Mylau and presents itself as an attractive apartment building with three self-contained residential units.

The property, built around 1900, combines the charm of historic architecture with contemporary living comfort and offers a total living space of approximately 223 m² across three floors. In addition to the residential building, the 260 m² plot includes a lovingly designed courtyard with terrace and ancillary buildings, as well as two parking spaces in front of the house.

The ground floor contains a rented 1-bedroom apartment with approximately 37 m² of living space. It consists of a kitchen with a contemporary fitted kitchen, a living room and bedroom, as well as a modern bathroom with shower. Additionally, there are two bedrooms on the right-hand side of the house, one of which has already been allocated to and rented with the ground-floor apartment. Thus, approximately 53.5 m² in total are rented on the ground floor. The upper floor houses a generously proportioned 3-room apartment with 78 m² of living space, consisting of a living room, two bedrooms, a kitchen with fitted kitchen, a guest bathroom with shower and a large bathroom with bathtub. Both kitchens remain in the apartments and are included in the purchase price.

The converted attic apartment also offers approximately 78 m² of living space. The large kitchen-living room with exposed beams makes this apartment particularly cozy. The central hallway also leads to the two further bedrooms and the bathroom with shower and bathtub. From this apartment, a wooden staircase also leads to the attic, which provides additional storage space. The large, modern fitted kitchen can be purchased separately and is not included in the purchase price.

The ground-floor and upper-floor apartments are reliably rented and currently generate annual net cold rent of 7,028.16 euros, corresponding to a gross rental yield of approximately 7.33% p.a. Renting out the currently owner-occupied attic apartment offers considerable potential for increasing rental income. With full occupancy, annual net cold rent of approximately 12,332 euros can be achieved, corresponding to an attractive yield of around 12.86%.

The extensive modernization and renovation measures were consistently carried out over many years and underscore the property's excellent overall condition. The most important measures include the renovation of the ground-floor apartment, including the bathroom and new Floor coverings in 2020, the comprehensive renovation of the stairwell and the apartment on the upper floor in 2013, the redesign of the courtyard including the basement staircase in 2010 and 2011, the replacement of the windows with high-quality wooden windows in 2008, the high-quality conversion of the attic apartment in 2005 and 2006, and the reroofing with natural slate, including façade cleaning and sealing, in 2002. All floor slabs, the roof slopes and the façade facing the courtyard are insulated. The central gas heating system was installed in 1993.

Thanks to continuous and professional maintenance as well as numerous high-quality modernization measures, the building is in excellent condition. Particular emphasis was placed during the renovations on durable materials and a harmonious combination of historic character and modern living comfort.

The outdoor area also contributes to the property’s appeal. In the rear courtyard, a lovingly designed and paved terrace invites residents to linger. It offers them a sheltered retreat for relaxing hours outdoors and creates a pleasant quality of stay. The outdoor area is complemented by a solid outbuilding offering additional storage space or a variety of possible uses.

Overall, this property presents itself as an exceptionally well-maintained, listed apartment building with high-quality features, solid structural substance and excellent development potential. The combination of historic charm, ongoing rental income, an attic apartment that can be additionally rented out at short notice, and the possibility of further increasing rents makes this property a rare opportunity for investors who value sustainable returns and long-term value retention.

We are already looking forward to personally presenting this beautiful apartment building to you.

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