| Type | Flat |
|---|---|
| Floor | 2 |
| Living area approx. | 41 m² |
| Year built | 1954 |
| Bedrooms | 1 |
| Available from | sofort |
|---|---|
| Rooms | 2 |
| Bathrooms | 1 |
| Heating | Self-contained central heating |
| Fuel type | Electricity |
| Condition | Fully renovated |
|---|---|
| Floors in the building | 4 |
| Usable floor area | 5 m² |
| Purchase price | 100.000 € |
|---|---|
| Price per m² | 2,439.02 €/m² |
| Commission | no commission for buyers |
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More financing calculators and assumptionsFor sale is a newly modernized 2-room condominium. The apartment is located on the 2nd floor of a well-maintained apartment building and offers a compact, highly lettable layout with a separate bedroom, eat-in kitchen and modern bathroom.
The major advantage: the extensive work has already been completed. The apartment has been comprehensively modernized and presents itself in a modern, high-quality condition. Instead of having to organize tradespeople, plan renovations and invest additional capital after the purchase, the new owner can focus directly on renting it out.
This is particularly interesting for investors: a manageable apartment size, easily predictable costs and an apartment that is immediately available for rent. The property is therefore suitable both for buyers who want to start their first investment simply and generate rental income as soon as possible, and for experienced investors who want to expand their existing real estate portfolio with an attractive, ready-to-rent unit.
Enter, rent out and build wealth with real estate step by step – without having to buy a construction site first.
Figures for investors:
Purchase price: €100,000
Possible net cold rent: approx. €500–550 per month
Service charge: approx. €176 per month, of which approx. €26 is allocated to the maintenance reserve.
With the corresponding rental arrangement, this results in a modeled gross rental yield of at least 5% annually (KdU in Essen for 2 people over €600 per month).
The compact apartment size and layout are particularly suitable for singles, commuters or students. Essen city center, the university and the main train station are easily accessible. Free public parking is located directly in front of the building.
Energy details:
Year built: 1954
Energy performance certificate: Demand-based certificate
Energy efficiency class: D
Final energy demand: 109.8 kWh/(m²·a)
Energy source: Electricity / direct electric heating
Energy performance certificate valid until: 19.10.2031
The apartment has been comprehensively modernized and is immediately rentable without any renovation work – ideal for investors seeking a high-quality renovated property.
- Ideal size: 2 rooms with a kitchen-living room and separate bedroom
- New bathroom with natural light, shower, wall-hung toilet and towel radiator
- New electrical installation with modern fuse box
- New pipes in the bathroom and kitchen
- New interior doors and frames
- New apartment entrance door
- Replaced windows facing the street
- Modern designer flooring
- Smart radiators
- Own basement room
The apartment is located in Essen-Altendorf on a side street or residents’ road with a 30 km/h speed limit, combining a pleasant residential environment with the advantages of a central, well-connected location.
Shops for everyday needs, supermarkets, pharmacies, schools and public transport can be reached within a few minutes. At the same time, the apartment is away from the main arterial roads, offering a more residential environment without having to compromise on good infrastructure.
The location is also attractive for working professionals: the Ruhr Tech Kampus Essen with the ThyssenKrupp headquarters is located in the nearby Krupp Belt. Thanks to its proximity to major employers and its good connections towards Essen city centre and the main railway station, the location is particularly suitable for professionals, commuters and singles.
Another advantage is Niederfeldsee lake with its promenade and adjacent green spaces. It offers opportunities for walking, cycling and relaxation and has significantly enhanced the district’s residential and recreational amenities in recent years. The nearby Krupp Park also complements the range of recreational and green spaces.
The location therefore offers an attractive combination of urban infrastructure, short distances, proximity to important employers and opportunities for recreation in green surroundings – good conditions for a property that is attractive to tenants over the long term.
