| Type | Flat |
|---|---|
| Floor | 2 |
| Living area approx. | 106 m² |
| Year built | 1900 |
| Available from | Nach Vereinbarung |
|---|---|
| Rooms | 4 |
| Heating | Central heating |
| Fuel type | Gas |
| Condition | First occupancy after refurbishment |
|---|
| Purchase price | 259.000 € |
|---|---|
| Price per m² | 2,443.40 €/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 assumptionsThe apartment comprises four bright, flexibly usable rooms which, thanks to the historic ceiling heights and the spacious new windows, offer a light-filled, inviting atmosphere. As part of the renovation, high-quality new floor coverings will be installed and new windows fitted. A particular plus in terms of efficiency and future security: a new central gas heating system has already been installed in the building this year.
The apartment is suitable for owner-occupation or, thanks to the unit’s advantageous layout, as a shared apartment. Four separate rooms between 16 and 19 m² are arranged around a spacious hallway, so that each room has its own access and offers a genuine retreat – a quality feature that many shared apartments do not provide. The kitchen and dining area are available as communal space.
The location in Witten city centre combines short distances to shopping facilities, restaurants and public transport with proximity to Witten/Herdecke University and Ruhr University Bochum. This combination results in stable demand over many years from students, trainees and young professionals.
For investors, this creates a rare combination: a freshly renovated property with a new heating system, new windows and new floors.
The building is listed as a historic monument. In addition to the regular building depreciation, this allows for special depreciation on the renovation-cost portion (§ 7i EStG): 9% for eight years, a further 7% for four years – a total of 100% of the eligible portion over twelve years.
Return figures at a glance (€20,000 equity)
THE KEY FIGURES
Purchase price €259,000 (€2,442/m²) | Rent 4 × €370 = €1,480/month | Annual net cold rent €17,760 | Purchase price factor 14.6 | Gross rental yield 6.86 %
EXAMPLE CALCULATION WITH €20,000 EQUITY
Purchase price €259,000 + real estate transfer tax €16,835 + notary/land register €5,180 = total investment €281,015 | less €20,000 equity = loan €261,015
Financing: 4.5 % nominal interest rate, 1.5 % initial repayment = annuity €1,305/month
Ongoing income: Rental income + €1,480/month | Non-recoverable service charges − €44/month | Annuity − €1,305/month → CASH FLOW BEFORE TAX + €131/month
Tax-related p.a.: Rental income €17,760 | − depreciation €11,943 | − interest portion year 1 €11,746 | − service charges €531 = taxable result − €6,460 | Refund at a 42 % marginal tax rate + €2,862 → CASH FLOW AFTER TAX + €369/month
The is an example calculation.
The tax analysis assumes a 42% marginal tax rate, a building share of 85%, and a remaining useful life of 20 years. The individual impact depends on personal circumstances.
All information without guarantee. No tax, legal, or investment advice.
- Four separate rooms between 16 and 19 m²
- Historic ceiling heights
- New windows
- New high-quality floor coverings
- New central gas heating in the building (installed in the current year)
- Spacious hallway, all rooms independently accessible
- Kitchen with dining area as a communal space
Sale directly from the owner: The purchase is made directly from the owner without commission. No additional broker's commission is charged.
Shared-apartment concept: The stated room rent assumes rental as a shared apartment with four individual tenancy agreements. The declaration of division is available for inspection.
Visualizations: The images used in the brochure are AI-assisted visualizations. They are intended to convey an impression of the spatial effect after renovation. The actual execution may vary as part of the coordination process.
Viewings: As the apartment is vacant and undergoing renovation, viewings of its current condition are possible at short notice.
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The apartment is centrally located in Witten city center. Shops for daily needs, restaurants, doctors, and services are within walking distance, as are public transport stops with connections to Bochum and the entire Ruhr area.
The location is particularly relevant for the shared-apartment concept: Witten/Herdecke University and Ruhr University Bochum can be reached in a short drive. This results in stable, reliable demand from students, trainees, and young professionals over many years—the foundation for consistently short vacancy periods.
With around 95,000 inhabitants, Witten combines proximity to the Ruhr area with the adjacent Ruhr Valley and Hohenstein recreational areas.
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