| Type | Block of flats |
|---|---|
| Living area approx. | 415 m² |
| Rooms | 16,5 |
|---|
| Plot area | 650 m² |
|---|---|
| Usable floor area | 90 m² |
| Purchase price | 290.000 € |
|---|---|
| Price per m² | 698.80 €/m² |
| Commission | 5,95% |
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 assumptionsAttention investors: This large 5-unit apartment building in the extremely peaceful Löwensen, a district directly next to Bad Pyrmont, is looking for a new owner. The residential property, which extends over approx. 480m² of living and usable space across 16.5 rooms, is in partially well-maintained condition. The approx. 650m² freehold plot includes a small backyard and 3 outdoor parking spaces directly in front of the property.
The units are divided as follows:
• Apartment 1, ground floor (left), 75m², 3 rooms, kitchen, bathroom, rented
• Apartment 2, ground floor (right), 50m², 2.5 rooms, kitchen, bathroom, rented
• Apartment 3, ground floor (right) 2, 80m², 3 rooms, kitchen, bathroom + garden, rented
• Apartment 4, upper floor, 145m², 5 rooms, kitchen, bathroom, rented
• Apartment 5, attic floor, 65m², 2 rooms, kitchen, bathroom, rented
The property currently generates a monthly net cold rent of €2,030.00. This results in annual rental income of €24,360.00. With a rent adjustment, the monthly net cold rent would be €2,500.00 and €30,000.00 annually - this would result in a (gross) factor of 9.66 or a (gross) return of 10.34%.
A large part of the residential units is in well-maintained condition; however, some individual measures should be planned. The ground-floor apartment on the left is being renovated and has some mold on the bathroom side, the upper-floor apartment is in a completely renovated condition, the attic apartment is well-maintained, and the skylights are to be replaced soon. Both ground-floor apartments on the right require partial renovation.
Pictures of the two ground-floor apartments on the right are currently not available.
The building’s façade was only repainted at the end of 2023, and the entrance door of the residential building was replaced approx. 3 years ago.
The gas condensing boiler dates from 2000 and has been regularly serviced; there are currently no known defects. Large parts of the electrical wiring date from around 2000; the water pipes and heating pipes have mostly been replaced over the past 12 years.
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