| 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 assumptionsInvestors take note: this large 5-unit apartment building in the extremely peaceful district of Löwensen, a locality directly adjacent to Bad Pyrmont, is looking for a new owner. The residential complex, which extends over approx. 480m² of living and usable space across 16.5 rooms, is in a partially well-maintained condition. The approx. 650m² freehold plot includes a small rear courtyard 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 cold rent of €2,500.00. This results in an annual rental income of €30,000.00. If the rents were adjusted, this would result in a monthly cold rent of €2,700.00 and €32,400.00 annually - this then yields a (gross) factor of 8.95 or a (gross) yield of 11.17%.
A large part of the residential complex is in a well-maintained condition, but individual measures should be planned for. 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 fully renovated condition; the attic apartment is well maintained, and the roof windows are to be replaced soon. Both ground-floor apartments on the right are partially in need of renovation.
Photos of the two ground-floor apartments on the right side are currently not available.
The building facade was newly painted only at the end of 2023, and the front door of the residential building was newly installed approx. 3 years ago.
The gas condensing boiler dates from the year 2000 and has been continuously maintained; as far as can be determined, there are no defects. Large parts of the electrical wiring date from around the year 2000; the water pipes as well as the heating pipes have largely been renewed over the last 12 years.
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