| Type | Top-floor flat |
|---|---|
| Living area approx. | 49 m² |
| Bedrooms | 1 |
| Rooms | 1,5 |
|---|---|
| Bathrooms | 1 |
| Purchase price | 245.000 € |
|---|---|
| Price per m² | 5,045.30 €/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 assumptionsThis 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.
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