Solid 70 m² apartment with reliable rental income in Bochum-Wattenscheid – substance with potential for improvement

Key facts

Purchase price & costs

About this apartment

For sale is a rented two-room condominium with 70.22 m² of living space on the first upper floor of a well-maintained apartment building in Bochum-Wattenscheid.

The apartment impresses with an unusually generous layout: The living and dining area alone measures 31.31 m², making it exceptionally spacious for a two-room apartment. In addition, there is a bedroom measuring 15.94 m², a separate kitchen measuring 11.06 m², and a hallway of 6.32 m², which provides a clear separation between the rooms. The bathroom has a window and therefore natural ventilation—a feature that is by no means a matter of course in properties from these construction years. A cellar room belongs to the unit.

The building dates from 1954 and comprises a total of eleven residential units. The division under the German Condominium Act has been completed, and the certificate of separate ownership issued by the City of Bochum is available. The building has been continuously maintained over the years—among other things, the gas system was sealed, several units were completely rewired, and the rear part of the property was reorganized. The conversion of the attic into two additional residential units is currently in the approval phase, which will enhance the property as a whole.

The owners’ association has been newly established. For the buyer, this means a clean start: no old resolutions, no ongoing proceedings, and no disputes from the past being taken over. The maintenance reserve already amounts to 11,000 € and is not tied up by any resolutions for measures—the association is free to decide how to use it.

The apartment has been rented out reliably for many years. The net cold rent was recently adjusted and currently amounts to 359.00 € per month, corresponding to 5.11 €/m². This means the unit generates stable income from the first day, without the buyer initially having to invest in rent adjustments or maintenance. Based on the purchase price, this results in a gross rental yield of around 4.4 percent. Please note that the rent cap has initially been exhausted due to the most recent adjustment.

In addition, there is the possibility of purchasing a garage or parking space on the property together with the apartment. Both are notarized in the same purchase agreement, so no additional notary appointment is required. Please feel free to contact us if interested.

The price per square meter is noticeably below the local market offering level. Anyone who Those looking for a manageable entry-level investment with reliable returns and low capital expenditure will find here a property that works without an upfront contribution.

Note on the photos: The photos show the actual apartment. The tenant’s furnishings have been digitally removed to protect her privacy. Nothing has been changed regarding the condition, floor plan or features.

Note on tenant protection: After being transferred to the tenant, the apartment was converted into condominium ownership. The notice-blocking period under Section 577a of the German Civil Code (BGB) therefore applies: The purchaser may invoke personal-use or termination for utilization purposes no earlier than three years after the change of ownership has been registered in the land register. Bochum is not within the scope of North Rhine-Westphalia’s tenant protection ordinance; therefore, the statutory basic period of three years applies, with no extended blocking period. In addition, upon the first sale after the conversion, the tenant has a statutory right of first refusal under Section 577 BGB. The property is therefore expressly suitable as an investment and not for owner-occupation.

In energy terms, the building is classified in efficiency class C, with a final energy consumption of 96.4 kWh/(m²·a)—an above-average value for its year of construction.

Fittings and features, as described

The apartment comprises two rooms, a separate kitchen measuring 11.06 m² and an entrance hall that clearly separates the rooms. The bathroom has a window and is therefore naturally ventilated and illuminated.

Heating is provided by natural gas, as is hot-water production. A basement storage room is permanently allocated to the unit. In addition, a garage or parking space on the property can be purchased separately.

The monthly service charge is €190.00. Of this, €111.00 is attributable to apportionable operating costs covered by the tenant’s ancillary-cost advance payment, and €79.00 to non-apportionable items such as administration and the maintenance reserve.

The apartment is in a well-maintained, rented condition with standard features. It will be handed over in its current condition.

Location

Location details

The apartment is located in Bochum-Wattenscheid, an established residential neighborhood in the west of the city on the border with Gelsenkirchen and Essen. The surrounding area is characterized by small-scale residential development—a down-to-earth location with a stable tenant structure, as sought for an investment property of this size.

Everyday amenities are fully accessible on foot: The nearest general practitioner is around 450 meters away, and a pharmacy is approximately 590 meters away. Supermarkets and discount stores can be reached within a few minutes. A primary school is located around 760 meters away, and a secondary school approximately 1.2 kilometers away.

The transport links are the real location advantage: The nearest bus stop is around 220 meters away, and the nearest highway entrance can be reached in about three minutes by car. Via the A40, Essen, Gelsenkirchen, and Bochum city center are each just a short drive away—a radius that opens up the entire central Ruhr area labor market. This accessibility combined with a low rent level ensures reliable demand for rental housing.