| Type | Block of flats |
|---|---|
| Living area approx. | 308 m² |
| Bedrooms | 12 |
| Rooms | 17 |
|---|---|
| Bathrooms | 6 |
| Plot area | 307 m² |
|---|
| Rent excluding bills | 4169 € |
|---|---|
| Service charge | 670 € |
| Total rent | 4839 € |
| Purchase price | 599.000 € |
| Price per m² | 1,944.81 €/m² |
| Commission | 5,95% |
Calculate using this listing's purchase price. Every assumption is editable and all figures are non-binding estimates.
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More financing calculators and assumptionsThis offer consists of two connected residential buildings, comprising five apartments and two storage rooms, built in 1930. Both houses (No. 5 and 7) have predominantly gabled roofs with tile covering. While house No. 7 has a fully gabled roof, house No. 5 additionally has a flat roof at the rear.
Both buildings have a shared gas heating system, with a burner from 2015.
House number 5
Ground floor: Storage room 1 rented, storage room 2 rented
Upper floor: Rented apartment with 6 rooms and balcony
House number 7
Ground floor left: 1-room apartment, rented
Ground floor right: 3-room apartment, rented
1st floor: 4 rooms with balcony, rented
Attic: 3-room apartment, rented
Features
Floor coverings: PVC, laminate, tiles, carpet
Heating: Gas heating
Modernizations
2010: Attic electrical wiring renewed (No. 7)
2010: Attic fuse box renewed (No. 7)
2010: Attic bathroom renovated (No. 7)
2010: Attic radiators replaced (No. 7)
2013: Burner indicator on the boiler renewed
2015: Conversion from oil to gas heating
2015: New burner for the gas heating
2015: All windows replaced (No. 5)
2015: Upper floor windows renewed (No. 7)
2015: Upper floor balcony door replaced (No. 7)
2017: Front door replaced (No. 5)
2023: Flat roof sealing (No. 5)
2023: New boiler on the upper floor (No. 7)
2024: Gutters and rafters renewed
2024: Exterior facade newly plastered and painted
2024: Attic windows enlarged in compliance with fire protection requirements (No. 7)
2024: Dormers sealed
2024: Stairwell sealing (No. 7)
Economics
Cold rent income:
€4,169.44 per month
€50,033.28 per year
Based on the current cold rent, this results in a gross rental yield of approx. 8%. Due to the moderate rent levels, a swift rent increase is feasible. There are no rent arrears.
Investment profile
The property offers a fully rented existing property with stable income. The recently carried out modernizations strengthen long-term value retention. Due to the combination of residential and storage space as well as potential for rent adjustments, the property is particularly suitable for investors seeking a high-yield property in established existing stock.
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